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 ?
on March 1, 1999 retenders its Notes, will receive only the tender offer consideration but not the consent payment.
14, 1998, retenders its Notes, will receive only the tender offer consideration but not the consent payment.