Retender

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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 classic literature ?
Jacks, and whose card, sent back at first, was retendered in a sealed envelope with Scotland Yard scrawled across the back of it.
By September 2009, KNPC had retendered the deal, which covered the construction of a fourth gas fractionation unit at Mina Al-Ahmadi refinery.
Any shares of SRH Common Stock properly withdrawn will be deemed not to have been validly tendered for purposes of the Offer, but may be retendered at any subsequent time prior to the expiration of the Offer Period by following the procedures described in Section 4.
The contractors were not unable to deliver properly and therefore, most of the work has been retendered.
We would be gobsmacked if they actually went ahead and retendered the entire project this far down the line.
However, after the expiration date, once withdrawn, shares may not be retendered.