prompt date

In contrast to other commodities, metal futures contracts remain open at their original prices until their respective prompt dates.

He said in a statement that while he was disappointed in the mistrial, "We very much appreciate the prompt date for a retrial."

On the LME, however, it may mean no more than the matching of positions, since LME contracts are not "closed", in the sense of being liquidated, until their prompt date.

A contract remaining open (ie, not settled) after the cessation of trading in respect of the delivery month or prompt date, falls to be performed by the clearing member and LCH according to its terms.

At a prompt date, a member's matching open contracts for that date (where he has not indicated an intention to make or take delivery of metal) are automatically settled against one another by LCH and the resulting price differences are posted to his account.