A Survey on Physical Delivery Versus Cash Settlement in Futures Contracts

A Survey on Physical Delivery Versus Cash Settlement in Futures Contracts

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 s...

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Main Authors: LIEN, Donald, TSE, Yiu Kuen
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2006
Subjects:
Futures contract
Physical delivery
Cash settlement
Market manipulation
Cash index construction
Finance
Online Access:https://ink.library.smu.edu.sg/soe_research/454
https://ink.library.smu.edu.sg/context/soe_research/article/1453/viewcontent/Survey_on_Physical_Delivery_Versus_Cash_Settlement_pp.pdf
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Institution: Singapore Management University
Language: English
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spelling sg-smu-ink.soe_research-14532018-04-18T06:42:47Z A Survey on Physical Delivery Versus Cash Settlement in Futures Contracts LIEN, Donald TSE, Yiu Kuen 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. 2006-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/454 info:doi/10.1016/j.iref.2004.08.001 https://ink.library.smu.edu.sg/context/soe_research/article/1453/viewcontent/Survey_on_Physical_Delivery_Versus_Cash_Settlement_pp.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Futures contract Physical delivery Cash settlement Market manipulation Cash index construction Finance
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Futures contract
Physical delivery
Cash settlement
Market manipulation
Cash index construction
Finance
spellingShingle Futures contract
Physical delivery
Cash settlement
Market manipulation
Cash index construction
Finance
LIEN, Donald
TSE, Yiu Kuen
A Survey on Physical Delivery Versus Cash Settlement in Futures Contracts
description 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.
format text
author LIEN, Donald
TSE, Yiu Kuen
author_facet LIEN, Donald
TSE, Yiu Kuen
author_sort LIEN, Donald
title A Survey on Physical Delivery Versus Cash Settlement in Futures Contracts
title_short A Survey on Physical Delivery Versus Cash Settlement in Futures Contracts
title_full A Survey on Physical Delivery Versus Cash Settlement in Futures Contracts
title_fullStr A Survey on Physical Delivery Versus Cash Settlement in Futures Contracts
title_full_unstemmed A Survey on Physical Delivery Versus Cash Settlement in Futures Contracts
title_sort survey on physical delivery versus cash settlement in futures contracts
publisher Institutional Knowledge at Singapore Management University
publishDate 2006
url https://ink.library.smu.edu.sg/soe_research/454
https://ink.library.smu.edu.sg/context/soe_research/article/1453/viewcontent/Survey_on_Physical_Delivery_Versus_Cash_Settlement_pp.pdf
_version_ 1770569180406349824

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