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.
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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.
CEO Datuk Seri Shahril Mokhtar said the company also accepted the decision to terminate the current contractor for its underground works and retender the work package.
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.
ABU Dhabi Company for Onshore Oil Operations (Adco) is asking its international shareholders to consider supporting a retender of bids for the company's $4.5 billion Sahil, Asab and Shah (Sas) full-field development due to the drop in commodity and material prices.