Alternative Delivery Procedure


Alternative Delivery Procedure
abbr ADPUsed on the International Petroleum Exchange ( IPE). This is where the long and short sides of a transaction agree to deliver either a different specification of the product from that stipulated in the contract specification, or to a different location from those included in the contract specification, or both. ADPs are not covered by the London Clearing House guarantee. Dresdner Kleinwort Wasserstein financial glossary

Financial and business terms. 2012.