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Can a buyer demand delivery against futures contract?

April 26, 2017buyer DELIVERY DEMAND futures contract

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Can a buyer demand delivery against futures contract?

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The Byelaws of different Exchanges have different provisions relating to delivery. Some Exchanges give the option to seller, i.e., if the seller gives his intention to give delivery, buyers have no choice, but to accept delivery or face selling on account and/or penalty. Some Exchanges trading contracts in some commodities provide the option both to buyer and seller. In some Exchanges, if the sellers do not give intention to give delivery, all outstanding short and long position is settled at the “Due Date Rate”.