take delivery

Take Delivery

To receive the underlying asset from a derivative, especially a futures contract. For example, if one holds a futures contract on 1000 barrels of oil at the time it matures, one receives the oil, taking delivery. In many futures contracts and other derivatives that are settled in cash, the holder does not take delivery.

take delivery

1. To accept a commodity to be delivered as part of a long futures contract. For example, the buyer of a gold futures contract who will need the metal on the delivery date may plan to take delivery rather than close out the contract.2. To accept certificates for securities that have been purchased.