Delivery Notice


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.

BREAKING DOWN '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.

  1. Approved Delivery Facility

    A facility authorized by an exchange to be used as a location ...
  2. Current Delivery

    A type of futures contract that requires the delivery of the ...
  3. Delivery

    The action by which an underlying commodity, security, cash value, ...
  4. Delivery Instrument

    A document given to the holder of a futures contact that may ...
  5. Delivery Date

    1. The final date by which the underlying commodity for a futures ...
  6. Basis Grade

    The minimum accepted standard that a deliverable commodity must ...
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