Shipping Certificate

Dictionary Says

Definition of 'Shipping Certificate'


An instrument used by futures exchanges as a negotiable commitment by an approved delivery facility to transfer the underlying commodity to the holder of the certificate under the prescribed terms.

Investopedia Says

Investopedia explains 'Shipping Certificate'


A shipping certificate is unique because it doesn't necessarily require the approved facility to actually store the deliverable. The obligation can be met through current or future production of the commodity.

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