Delivery Notice
A notice written by the holder of the short position in a futures contract informing the clearing house of the intent and details of delivering a commodity for settlement. Investopedia Says:
The delivery notice is important for both the short and long positions of a futures contract. As some contracts allow a range for the basis grade of underlying commodities, the grade in the delivery notice must be properly identified. This notice provides for a clear written contract describing the specifics for such a delivery. Related Terms:
Actual
Approved Delivery Facility
Basis Grade
Current Delivery
Delivery
Delivery Date
Delivery Instrument |