NOTICE OF INTENTION TO DELIVER


Meaning of NOTICE OF INTENTION TO DELIVER in English

During the delivery month for a futures contract, the seller initiates the delivery process by submitting a "notice of intention to deliver" to the clearinghouse, which, in turn, notifies the oldest outstanding long of the seller's intentions. If the long does not offset his position, he will be called upon to accept delivery of the goods.

A guide to futures and options market technology English dictionary.      Английский словарь-руководство по фьючерсам и опционам рыночных технологий .