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Finance: What is Good Delivery? 11 Views


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Description:

What is Good Delivery? Good delivery just means that nothing gets in the way of a security transfer after a transaction is made. It’s kind of a dated term because everything is done electronically now but when trades were made using paper, issues with delivery were more common.

Language:
English Language

Transcript

00:00

Finance allah shmoop What is good delivery All right Well

00:07

here's bad delivery You have been there if a security

00:10

that's traded on an exchange meets the requirements toe permit

00:14

it to be transferred from seller to buyer While then

00:18

the transfer is said to be of good delivery When

00:21

it happens legal transfer happens with no hiccups and well

00:24

life is good But on the other hand if a

00:26

share of stock is say restricted as in a one

00:29

forty four a type situation so that it cannot be

00:33

transferred Well then good delivery of this share cannot be

00:36

realized Recall that a one forty four a restriction is

00:39

a common provisions that insiders like early investors and management

00:43

and founders of a recently i po'd company fall under

00:47

that is for a six months and change after the

00:49

company was first taken public they are restricted from being

00:53

able to transact in there stock They couldn't sell it

00:55

And nobody could take good delivery of those shares Well

00:58

why would there be a provisioned for good delivery in

01:01

the first place Well you can imagine that before the

01:04

various regulatory bodies took hold in america there was all

01:07

kinds of room for fast talking city slickers to sell

01:10

no value Floor tiles of blue sky too ignorant farmers

01:14

who really didn't know what they were buying or that

01:17

various legal hoops had to be jumped through first So

01:20

good delivery actually became a hurdle that brokerages and their

01:23

clients had to pay attention to And well let's hope

01:26

they get it better Then this ups guy We're still 00:01:29.509 --> [endTime] angry about our glasses Yeah

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