Good Delivery

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Good delivery

A delivery in which everything - order-endorsement, any necessary attached legal papers, is in good order such that a transaction settles satisfactorily.

Good Delivery and Settlement Procedures

Standardized practices for how and when trades are settled and underlying goods delivered. Among other things, good delivery and settlement practices indicate when a seller may notify a buyer of intent to deliver and at what point payment must be made. The PSA Uniform Practices set out good delivery and settlement procedures.

good delivery

Delivery of a security that meets all the standards required to transfer title to the buyer. Thus, a certificate must be delivered on time with proper denomination, endorsements, and endorsement guarantee. Compare bad delivery.

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