Delivery Notice

The written notice(l) Actual Notice - Express or implied knowledge of a fact. (2) Constructive notice - A fact, imputed given by the sellerA person who makes a transfer of title to real estate. of his intention to make deliveryThe tender and receipt of the actual commodity, the cash value of the commodity, or of a delivery instrument against an open short(1) The selling side of an open futures contract; (2) a trader whose net position in the futures market futuresSee Futures Contract. positionAn interest in the market, either long or short, in the form of one or more open contracts. on a particular date. This notice, delivered through the clearing organizationAn entity through which futures and other derivative transactions are cleared and settled. It is also, is separate and distinct from the warehouse receiptA document certifying possession of a commodity in a licensed warehouse that is recognized for delivery or other instrumentAny writing having legal form and significance, such as a deed, mortgage, will, lease, etc. that will be used to transferChange of jurisdiction over real property from one Federal agency or department to another, including titleTitle is the evidence of ownership. In essence, title is more important than ownership because having. Also calledAnother term for exercised when an option is a call. In the case of an option on a physical, the writer Notice of Intent to DeliverA notice that must be presented by the seller of a futures contract to the clearing organization prior or Notice of Delivery.