Approved Delivery Facility
An exchange authorized facility used as a location for the delivery of commodities tendered upon future contracts.
Investopedia Commentary
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 Links
Futures Fundamentals
See also: Actual, Basis Grade, Cash Commodity, Certificated Stock, Delivery Instrument, Delivery Notice