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Delivery Instrument |
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Delivery Instrument A receipt or other document that the holder of a futures contract may exchange for the actual, underlying asset at expiration. The delivery instrument is easier to physically transfer than the underlying asset, but gives the holder the ability to receive the underlying at the end of the contract. They are especially useful because many futures contracts are ultimately settled in cash rather than with the actual underlying. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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