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Frauds and Scams > Seller's Option Contract

The following information is about Seller's Option Contract.

Seller's Option Contract Defined

A transaction in which normal settlement cycles are not followed, and instead the seller has the right to make delivery within a specified period of time, ranging from not less than six business days to not more than 60 calendar days. The seller is required to provide written notification to the buyer one full business day prior to making delivery.

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