On Track
1. A type of commodities delivery for futures contracts that is deferred and priced according to the seller's location FOB.
2. A physical commodity that is already loaded on railroad cars or trucks and ready for delivery. Investopedia Says:
1. In this form of contract, the buyer of the futures contract is agreeing to pay all associated freight costs for receiving the underlying commodity.
2. Commodities on track or on-track country station are ready to be transported to the necessary locations for the fulfillment of the contract obligations. Related Terms:
Carrying Charge
Carrying Charge Market
Cash Commodity
Cash Price
Delivery
Delivery Price
FOB
Full Charge |