Delivery Instrument
A document that, during the delivery of the futures contract, stands in lieu of the physical asset underlying the contract. Investopedia Says:
Delivery instruments can include warehouse receipts, shipping certificates, and vault receipts. These all are more transferable than physical commodities, and provide investors with a more efficient method of settlement. Related Terms:
Approved Delivery Facility
Assignable Contract
Cash Settlement
Certificated Stock
Current Delivery
Delivery
Delivery Date
Expiration
Offset
Vault Receipt |