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.
Investopedia Commentary
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.
Related Links
Futures Fundamentals
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Getting Started in Foreign Exchange Futures
See also: Actual, Approved Delivery Facility, Basis Grade, Current Delivery, Delivery, Delivery Date, Delivery Instrument
delivery notice