delivery notice

delivery notice
Notification of delivery by the clearinghouse to the buyer. Such notice is initiated by the seller in the form of a "Notice of Intention to Deliver." The CENTER ONLINE Futures Glossary
The written notice given by the seller of its intention to make delivery against an open, short futures position on a particular date. Related: notice day. Bloomberg Financial Dictionary
The notice that the seller presents to the CME clearing house stating his intention to make delivery against an open short futures position. This notice is separate and distinct from the warehouse receipt or other instruments that will be used to transfer title during the actual delivery. Chicago Mercantile Exchange Glossary

Financial and business terms. 2012.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • 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. The delivery notice is important for both the short and long positions of… …   Investment dictionary

  • Delivery notice — The written notice given by the seller of his intention to make delivery against an open, short futures position on a particular date. Related: notice day …   Financial and business terms

  • notice day — According to Chicago Board of Trade rules, the second day of the three day delivery process when the clearing corporation matches the buyer with the oldest reported long position to the delivering seller and notifies both parties. See First… …   Financial and business terms

  • Delivery Option — A feature added to some futures contracts permitting the short position to determine the combination of timing, location, quantity, and quality of the underlying commodity stated in the delivery notice. A delivery option provides a great deal of… …   Investment dictionary

  • Notice day — A day on which notices of intent to deliver pertaining to a specified delivery month may be issued. Related: delivery notice. The New York Times Financial Glossary …   Financial and business terms

  • delivery day — The third day in the delivery process at the Chicago Board of Trade, when the buyer s clearing firm presents the delivery notice with a certified check for the amount due at the office of the seller s clearing firm. Chicago Board of Trade… …   Financial and business terms

  • notice — no·tice 1 n 1 a: a notification or communication of a fact, claim, demand, or proceeding see also process, service ◇ The requirements of when, how, and what notice must be given to a person are often prescribed by a statute, rule, or contract. b …   Law dictionary

  • delivery — de·liv·ery n pl er·ies: an act that shows a transferor s intent to make a transfer of property (as a gift); esp: the transfer of possession or exclusive control of property to another actual delivery: a delivery (as by hand or shipment) of actual …   Law dictionary

  • notice to quit — n. Notice given by a tenant informing the landlord that the tenant intends to move out; also, notice given by a landlord informing the tenant that he or she must move out. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks …   Law dictionary

  • delivery — The act by which the res or substance thereof is placed within the actual or constructive possession or control of another. Poor v. American Locomotive Co., C.C.A.I11., 67 F.2d 626, 630. What constitutes delivery depends largely on the intent of… …   Black's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”