Shipping Certificate
An instrument used by futures exchanges as a negotiable commitment by an approved delivery facility to transfer the underlying commodity to the holder of the certificate under the prescribed terms. Investopedia Says:
A shipping certificate is unique because it doesn't necessarily require the approved facility to actually store the deliverable. The obligation can be met through current or future production of the commodity. Related Terms:
Approved Delivery Facility
Commodity
Delivery Instrument
Underlying
Vault Receipt
Warehouse Receipt |