Common comparison error
The label end of day under End of day expiry does not identify which venue close or Payout schedule boundary governs.
GlossaryPricing & settlement
End-of-day expiry
A contract that settles at a specified market or broker day boundary rather than after a short countdown.
Practical use
How to verify End-of-day expiry
Read End-of-day expiry together with Expiry-only observation, Payout schedule, Time to expiry. The comparison must preserve the exact rule, value, state, and evidence described below.
A neutral example
An End of day expiry schedule shifts at daylight saving. UTC hours and exchange notices prevent a one-hour error in Expiry only observation. This cannot be swapped with a neighboring term: for End of day expiry, the governing day boundary must name venue, timezone, holiday treatment, and settlement method.
Evidence path
Where to verify End-of-day expiry
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.