Good Delivery refers to the unhindered transfer of ownership of a security from one party to another by means of a relevant transaction or document. It is a legal term that means that both parties involved in such deal want it to take place and make sure the process is proper and smooth, so as not to be accused of fraud or other illegal activity. Good delivery is even more important in securities because there are no physical securities — only paper certificates — that can be easily forged or tampered with by both parties.Good delivery! we suppose that's what everyone is shouting from their rooftops these days as technological leaps and bounds make even the most mundane process much more streamlined than it once was. Once upon a time, good delivery was a rather complex process with its own set of problems; however, now thanks to electronic exchanges such as the DTCC (Depository Trust & Clearing Corporation) and EDCC (Electronic Data Transfer), good delivery has become the norm rather than the exception.
