Delivery

This Issue in United States

Concept of Delivery, Nearby in Futures Trading

In this context of financial law, the following is a definition of Delivery, Nearby: The nearest traded month, the front month. In plural form, one of the nearer trading months.

Concept of Delivery in Futures Trading

In this context of financial law, the following is a definition of Delivery: The tender and receipt of the actual commodity, the cash value of the commodity, or of a delivery instrument covering the commodity (e.g., warehouse receipts or shipping certificates), used to settle a futures contract. See Notice of Intent to Deliver, Delivery Notice.

Delivery

Concept of Delivery in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): The physical movement from seller to buyer of the underlying asset on which the derivative (i.e. an instrument that transfers risk from one party to the other) is based.

Resources

See Also

• Derivatives Contract