| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5084357 | International Review of Economics & Finance | 2006 | 15 Pages |
Abstract
A futures contract may adopt physical delivery or cash settlement to liquidate open positions after the maturity day. While traditionally physical delivery specification is favored, exchanges have recently turned to examine cash settlement possibilities. This paper summarizes current literature on settlement specifications with emphases on market manipulation, cash index construction, and hedging effectiveness comparisons.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Donald Lien, Yiu Kuen Tse,