Alternative Delivery Procedure

Alternative Delivery Procedure definition - finance
A provision in a futures contract that allows buyers and sellers to make and take delivery of the underlying product under terms or conditions that differ from those outlined by the contract. An ADP may be invoked at any time during the delivery period after long and short futures positions have been matched for the purpose of delivery.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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