The process of meeting the terms of a written option contract when notification of assignment has been received. In the case of a short equity call, the writer must deliver stock and in return receives cash for the stock sold. In the case of a short equity put, the writer pays cash and in return receives the stock.
The transfer of the physical commodity from the seller of the futures contract to the buyer of the futures contract as specified in the futures contract. Hence each contract or exchange has its own rules for delivery process. Can also mean the cash settlement of those contracts, which are not actually delivered upon. See also "Tender."
The settlement of a futures or options contract via the delivery of a physical asset or cash.
The final and absolute transfer of a deed from seller to buyer in such a manner that it cannot be recalled by the seller. A necessary requisite to the transfer of title.
The process by which funds and the physical commodity change hands upon expiration of a futures contract. (See Cash Settlement.)
The estimated or actual audience and rating achievement of an advertising purchase (i.e. radio or television schedule).
Delivery generally refers to the change of ownership or control of a commodity under specific terms and procedures established by the Exchange upon which the contract is traded. Typically, except for energy, the commodity must be placed in an approved warehouse, depository, or other storage facility, and be inspected by approved personnel, after which the facility issues a warehouse receipt, shipping certificate, demand certificate, or due bill, which becomes a transferable delivery instrument. Delivery of the instrument usually is preceded by a notice of intention to deliver.
The tender and receipt of an actual commodity or financial instrument covering the commodity, in order to settle a futures contract.
a status that allows the warehouse to pick, pack and ship the order
The transfer of a commodity from a seller of a futures contract to a buyer of a futures contract. Some futures contracts are also cash settled.
The tender and receipt of the underlying commodity or the payment or receipt of cash in the settlement of an open futures contract.
Both counterparts make and take actual delivery of the currencies being traded.
In the context of futures trading, the tendering and receipt of the physical commodity to satisfy a futures contract.
The tender of the actual commodity such as silver or gold against a short position in futures during the period allowed by the futures contract.
A trade where both sides make and take actual delivery of the currencies traded. Delivery is not the norm in FX trading. More commonly, an FX trade involves cash settlement of the difference between spot and delivery prices. Spot refers to any delivery within two business days. Forward refers to delivery beyond two days and usually quoted one year out in increments of 30 days (i.e. 1 month, 2 month, etc.).
This common word has unique connotations when used in connection with futures contracts. Basically, in such usage, delivery refers to the changing of ownership or control of a commodity under very specific terms and procedures established by the exchange upon which the contract is traded. Typically, the commodity must be placed in an approved warehouse, on-track boxcar, or bank, and be inspected by approved personnel, after which the facility issues a warehouse receipt, shipping certificate, demand certificate, or due bill, which becomes a transferable delivery instrument. Delivery of the instrument typically must be preceded by a Notice of Intention to Deliver, commonly made two days before delivery of the instrument. After receipt of the delivery instrument, the new owner typically can arrange with the storage facility to take possession of the physical commodity, can deliver the delivery instrument into the futures market in satisfaction of a short position, or can sell the delivery instrument to another market participant who can use it for delivery into the futures market in satisfaction of his short position for cash.
The tender and receipt of the actual commodity, or, in the case of agricultural commodities, warehouse receipts covering such commodity, in settlement of a futures contract. Some contracts settle in cash (cash delivery), In which case open positions are marked to market on the last day of the contract based on the cash market close.
The tender and receipt of an actual commodity or financial instrument, or cash in settlement of a futures contract.
The settlement of a futures contract by receipt or tender of a financial instrument or currency.
The physical exchange of money and securities on the brokerage transaction's settlement date. Industry standards stipulate what is an acceptable condition for the securities being delivered--otherwise known as being in "good deliverable form." See: Delivery Date; Good Delivery Of Securities
There are two methods of delivery of securities: Delivery versus payment and delivery versus receipt.
The transportation of a physical commodity (actuals or cash) to a specified destination in fulfillment of a futures contract.
The act of settlement of a financial transaction.
The actual placing of a Life Insurance policy in the hands of an insured.
The seller of the futures contract sends the appropriate cash instrument to the buyer during the futures expiration period or on the specified date(s). The buyer pays the futures price (subject to a price factor adjustment). Some futures contracts, such as stock index futures, are settled by a cash payment rather than by the physical delivery of the asset.
The physical act of exchanging securities and monies on settlement data. The industry has established rules regarding the condition of the securities which are considered in good "deliverable form".
An FX trade where both sides make and take actual delivery of the currencies traded.
The change in ownership or control of the actual commodity in exchange for cash in the settlement of a futures contract.
The process of satisfying an equity call assignment or an equity put exercise. In either case, stock is delivered. For futures, the process of transferring the physical commodity from the seller of the futures contract to the buyer. Equivalent delivery refers to a situation in which delivery may be made in any of various, similar entities that are equivalent to each other (for example, Treasury bonds with differing coupon rates).
Describing both parties (buyer and seller) exchange the agreed currency and amount.
Term used to describe the exchange by both parties (buyer and seller) of the traded currency.
The tendering and receipt of a physical commodity to fulfill a futures contract.
The tender and receipt of the actual commodity, or of a delivery instrument covering the commodity, in settlement of a futures contract.
The actual placement of the property to the grantee, usually by delivery of a deed to the buyer or by recording of the deed.
The tender and receipt of an actual commodity, warehouse receipt or other negotiable instrument covering such commodity in settlement of a futures contract.
Making available to your buyer all of the merchandise in keeping with the provisions and the agreed location stipulated in the sales contract.
The tender and receipt of the actual commodity, the cash value of the commodity, or of a delivery instrument covering the commodity (e.g., warehouse receipts or shipping certificates), used to settle a futures contract. See Notice of Delivery.
In settlement of a futures contract, the tender and receipt of the actual commodity, the cash value of the commodity, or of a delivery instrument covering the commodity (e.g., warehouse receipts or shipping certificates). Futures contracts may be settled by delivery, but more often they are settled by offset or cash. Each futures exchange has specific procedures for delivery of a commodity.