Deliverable Instrument

Deliverable Instrument - The asset delivery in a forward contract, agreed upon by two or more parties referencing the sale and purchase of a specific commodity. The similarity to futures not easily transferred or cancelled. A deliverable instrument is an agreed upon future price and through a forward contract is delivered at a future determined date of choice. It is a contract specifying the quantity of assets and the agreed price. It is the transfer of a security or certificate to a broker of choice satisfying the initial sell request. The receipt of the actual commodity or financial instrument contracting the settlement agreed.