Delivery Notice

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Dictionary Says

Definition of '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 Says

Investopedia 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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