Retender

(redirected from Retendered)

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.
We would be gobsmacked if they actually went ahead and retendered the entire project this far down the line.
The contractors were not unable to deliver properly and therefore, most of the work has been retendered.