The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

CHEAPEST-TO-DELIVER (CTD) Definition & Legal Meaning

Definition & Citations:

The cheapest of a series of ASSETS that are eligible for DELIVERY under an EXCHANGETRADED DERIVATIVE contract; the seller selects from the list of deliverables to determine the asset that will yield the greatest return (i.e., lowest cost, narrowest BASIS, or smallest loss). See also CONVERSION FACTOR.


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