Deliverable instrument

Deliverable instrument

The asset in a forward contract that will be delivered in the future at an agreed-upon price.

Deliverable Instrument

The underlying asset in a forward contract. A deliverable instrument is a commodity or security that is given to the buyer of a forward contract at the expiration date in exchange for a certain price. See also: Delivery.
References in periodicals archive ?
We are launching a second nonfat milk contract that in most respects mirrors our existing contract because our customers requested a physically deliverable instrument that would better suit their hedging needs," said John Harangody, CME Group Director of Commodity Products and Services.