DEMAND NOTICE

demand notice: translation

A notice a firm submits via the Deliveries system requesting assignment of live cattle delivery. The CME clearing house fills these demands to the extent possible, given certificates tendered. If the CME clearing house assigns the demand to a certificate with accrued retender fees, the "demander" collects the retender fee via the CME clearing house. See also Retender. Chicago Mercantile Exchange Glossary