Glossary Background

Delivery Date

The delivery date of a cash or derivative contract is the final date and time by which the underlying asset must be delivered to the contract holder to fulfill the terms and obligations of the agreement. For physical delivery contracts, this is when the actual asset is transferred. In the case of derivatives, like futures or options, it may involve the settlement of the contract either by physical delivery or cash settlement, depending on the terms. This date is crucial for both buyers and sellers to ensure compliance with the contract's requirements.