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 2003
Subjects:	Futures contract Physical delivery Cash settlement Market manipulation Cash index construction Finance
Online Access:	https://ink.library.smu.edu.sg/soe_research/774 https://ink.library.smu.edu.sg/context/soe_research/article/1773/viewcontent/Lien_Tse_CS.pdf
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Institution:	Singapore Management University
Language:	English

id	sg-smu-ink.soe_research-1773
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spelling	sg-smu-ink.soe_research-17732019-05-12T08:17:19Z 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 2003-11-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/774 https://ink.library.smu.edu.sg/context/soe_research/article/1773/viewcontent/Lien_Tse_CS.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	2003
url	https://ink.library.smu.edu.sg/soe_research/774 https://ink.library.smu.edu.sg/context/soe_research/article/1773/viewcontent/Lien_Tse_CS.pdf
_version_	1770569295539994624

A Survey on Physical Delivery Versus Cash Settlement in Futures Contracts

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