Approved Delivery Facility
An exchange authorized facility used as a location for the delivery of commodities tendered upon future contracts. Investopedia Says:
These are generally banks, storehouses, grain elevators, livestock exchanges, or other depositories where the actuals can be transferred between the different parties in a futures contract.
Also referred to as delivery points. Related Terms:
Actual
Basis Grade
Cash Commodity
Certificated Stock
Delivery Instrument
Delivery Notice |