The written notice given by the seller of its intention to make delivery against an open, short futures position on a particular date. Related: Notice day.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
In futures trading, the written notice by the seller of a commodity of the intent to deliver to the buyer or other appropriate person/institution. The delivery notice may take place at any time during the notice period, which is specified in the futures contract. The delivery notice must specify the exact commodities to be delivered.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
In futures trading, a notice that the party having sold (short) a contract intends to make delivery of the commodity in settlement of its terms. The quantity, quality, and point of delivery are designated by the exchange. Also called transfer notice.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.