Delivery Notice
A delivery notice is a formal document issued by the seller in a commodity futures contract, confirming their intention to deliver the underlying commodity to the buyer on the agreed-upon delivery date. This notice acts as a confirmation that the seller is ready and obligated to fulfill the terms of the contract by physically delivering the commodity. The buyer must then accept the delivery as part of the contract's terms. Delivery notices are an essential part of the settlement process in futures contracts where physical delivery of the commodity is involved, rather than cash settlement.
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