Submitting a bond to a put
The procedure by which a holder declares an intention to sell the bond back: an instruction to the broker within an allotted window, followed by the trade on the appointed day.
How to read the number
Technically these are two operations — filing the demand and settling the trade. Time passes between them, and the bond is already committed during it.
When the metric lies
Brokers close their intake earlier than the formal window and often charge separately for the operation. The date in the documentation and the broker's deadline are two different dates.
Also known as: put submission, exercising a put