Retender

Retender

To sell the delivery notice on a futures contract. When a futures contract matures, the seller of the underlying asset gives his/her intent to deliver to the clearing house, which then gives delivery notice to the buyer. The buyer then may retender, or sell the delivery notice, to a third party to ensure that the buyer does not actually receive the underlying asset. Retendering occurs because most futures investors do not wish to actually receive what they buy; sometimes, it may be avoided by settling in cash. It is important to note that some futures contracts do not permit retendering.
References in periodicals archive ?
Tenders are invited for Thalayankavu thadayana in senapathy gp retender
ISLAMABAD -- In order to facilitate friends of Prime Minister Mohammad Nawaz Sharif, the government has decided to retender Kachi Canal construction project with rescheduling PC-1 of the project.
In 2008 it was said Sonatrach could be forced either to retender the contract, or to find a technology partner and develop the facility itself.
Emaar was responding to comments from the Indonesian government, published over the weekend, which said officials were to retender the project after Emaar had pulled out of it.
UAE drilling company Global Petrotech was the frontrunner for the award in 2008, but IOOC has now decided to retender the deal.
As mentioned above, the seller has a right to cure any defect and retender the goods to the buyer in the event of an initial nonconformity.
Tenders are invited for Upparaful checkdam maintenance in senapathy gp retender
ABU Dhabi Company for Onshore Oil Operations (Adco) is asking its international shareholders to consider supporting a retender of bids for the company's $4.
Tenders are invited for retender - balussery bp - pr 113 kodithadam chillokkamkuzhi road