What is 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. Read more for examples and further explanation including related video clips and also comments
Example explains Delivery Notice
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.
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