ALTERNATIVE DELIVERY PROCEDURE
Alternative Delivery Procedure: translation
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