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 periodicals archive ?
Tenders are invited for Retendering Of Supply And Stacking Of Stone Aggregate Of Different Sizes For Construction Of Gajni Bridge At Km 35.
Contracts come up for retendering regularly and, as in the case in congestion charging, PayPoint suffers losses as well as gains.
Schedules for this project Q2-2005 Feed Q2-2007 EPC ITB Q4-2007 Construction Q2-2009 On hold Q4-2009 Retendering Q1-2010 Expected Completion
An Assembly Government spokesman said: "The Welsh Assembly Government has always been fully committed to the construction of a new office in Llandudno Junction and is about to embark on the retendering process.