A delivery in which everything - order-endorsement, any necessary attached legal papers, is in good order such that a transaction settles satisfactorily.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
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.