Delivery Intent
About Delivery Intents
In order to take or make delivery, an intent must be entered for the corresponding future. In the absence of an intent, futures positions will be subject to the relevant delivery period restrictions and positions may be liquidated. Refer to the delivery period liquidation schedule.
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Long Futures – Intent to Receive must be entered, for the corresponding number of long futures, a minimum of 2 business days prior to First Position Date of the corresponding delivery month. Clients can also enter Intents to Receive during the delivery period in order to place a buy order on a future in the current delivery month.
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Intent to Receive orders will be accepted only if the account has sufficient funds to take delivery of the declared amount of warrants. If there are insufficient funds, Intent to Receive orders will be rejected.
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Short Futures – Intent to Deliver must be entered for the corresponding number of short futures, a minimum 2 business days prior to the Last Trade Date of the corresponding delivery month. Clients can also enter Intents to Receive on the day preceding Last Trade Date, and Last Trade Date, in order to place a sell order on a future in the current delivery month.
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Intent to Deliver orders will be accepted only if the account has a sufficient number of warrant/ACE certificates to satisfy the delivery. If there are insufficient certificates, Intent to Deliver orders will be rejected.
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Placing Delivery Intents
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Tap the Account menu icon (head and shoulders) in the top left corner of the app and select the Delivery Intent button.
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Tap an eligible futures contract and select between Intent to Receive, Intent to Deliver, or Request to Deliver and declare your intent for these precious metals.
To declare your intent for these precious metals you must follow one of the workflows below:
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Intent to Receive - Submitting intent to receive not only indicates the desire to take delivery of the product at the end of the delivery window (in the form of a certified Warrant or ACE), it is also REQUIRED to open new Futures positions during the delivery window (i.e. it is not possible to open a physically deliverable futures position, during the delivery window, without first submitting the Intent to Receive for that Future).
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Any Intents to Receive that do not have a corresponding Futures position at the end of the delivery window will be canceled.
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Intent to Deliver - Submitting intent to deliver indicates the desire to make delivery of a product (e.g. Warrant or ACE). It is also REQUIRED that the account is both short an eligible Future position and has the corresponding certificate to provide.
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Any Intents to Deliver that do not have corresponding Future positions at the end of the delivery window will be canceled.
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Request to Deliver - Submitting a request to deliver is ONLY available during the delivery window and indicates a desire to deliver the product that day (instead of at the end of the delivery window, as with the intent to deliver). It is REQUIRED that to submit this request an account must have an existing, eligible product (e.g. Warrant or ACE) and corresponding short Future position (e.g. GC, MGC etc.).