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In addition, the daily futures-settlement failure risk is borne by an exchange, rather than an individual party, further limiting credit risk in futures. Example: Consider a futures contract with a $100 price: Let's say that on day 50, a futures contract with a $100 delivery price (on the same underlying asset as the future) costs $88. On day ...
A new calendar year will be added following the termination of trading in the December contract of the current year. Minimum price fluctuation $0.01 (1) per barrel ($10.00 per contract). Maximum daily price fluctuation None. Daily settlement A daily OSP settlement price will be published as at 16:30 (Singapore) 03:30 or 04:30 EST.
The contracts require physical delivery of the asset for settlement, and deliverable assets for the contracts are 6 tonnes of Nickel of 99.80% purity (minimum) conforming to B39-79 (2008). The contracts prices are quoted in US dollars per tonne, but can also be settled or cleared in Japanese Yen, UK Sterling, and the Euro.
LME Copper contracts trade on the London Metal Exchange, which began trading in the metal at the start of the exchange in 1877. [1] The contracts require physical delivery of the asset for settlement, and deliverable assets for the contracts are 25 tonnes of Grade A copper cathode. The contracts prices are quoted in US dollars per tonne.
LME Aluminium (or LME Aluminum in American and Canadian English) stands for a group of spot, forward, and futures contracts, trading on the London Metal Exchange (LME), for delivery of primary Aluminium that can be used for price hedging, physical delivery of sales or purchases, investment, and speculation. [1]
Trades on the contract are subject to price limits of $0.0375 per pound above or below the previous day's contract settlement price, with an exception that there shall be no daily price limits in the expiring month contract during the last 2 Trading Days. [2] Below are the Contract Specifications for Lean Hog futures on the CME:
Futures exchanges provide access to clearing houses that stand in the middle of every trade. Suppose trader A purchases US$145,000 of gold futures contracts from trader B. Trader A really bought a futures contract to buy US$145,000 of gold from the clearing house at a future time, and trader B really has a contract to sell US$145,000 to the clearing house at that same time.
For futures contracts specifying physical delivery, the delivery month is the month in which the seller must deliver, and the buyer must accept and pay for, the underlying. [1] For contracts specifying cash settlement, the delivery month is the month of a final mark-to-market. The exact dates of acceptable delivery vary considerably and will be ...