Alternative delivery procedure (ADP) - Financial definition
Financial acronyms
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Concise definition of the term alternative delivery procedure
An alternative delivery procedure is a clause appearing in a financial futures contract that allows a buyer and seller to deliver and receive the commodity in a manner that differs from the contract's standard terms and conditions.
Comprehensive definition of the term alternative delivery procedure
An alternative delivery procedure can be invoked at any time during the specified delivery timeframe, once long and short positions are matched.