## Ward n informal survey of industry participants during the summer of 1987 found that A the delivery specifications of the live cattle futures contract continue to represent an area of concern. Industry participants identified the following real or perceived delivery problems with the live cattl
Cash settlement provisions on futures contracts
β Scribed by Da-Hsiang Donald Lien
- Publisher
- John Wiley and Sons
- Year
- 1989
- Tongue
- English
- Weight
- 513 KB
- Volume
- 9
- Category
- Article
- ISSN
- 0270-7314
No coin nor oath required. For personal study only.
β¦ Synopsis
the Editor, and two anonymous referees for very helpful comments. Thanks are also due to David Rearden for his editorial assistance. Of course, I am solely responsible for any remaining errors.
π SIMILAR VOLUMES
urrently pending before the Commodity Futures Trading Commission are C proposals from several exchanges for contract designation to trade equity futures contracts. Several of these proposals, including those submitted by the CME, COMEX, and NYFE, are based on a diversified common stock index. Equit
The use of cash settlement as a method of settling futures contracts is a relatively new concept [ Rowsell and Purcell ( 1990)]. Historically, futures contracts were for commodities, and actual delivery was the most logical means of linking the futures contract with its underlying commodity. With th
## Abstract Here we consider the hedging roles of a price futures contract versus a revenue futures contract. In the absence of idiosyncratic output risk, the revenue contract almost always dominates the price contract. Idiosyncratic output risk provides conditions under which the price contract sh
efore undertaking any criticism of Telser's paper, we would like to note that B there is one point of substantial agreement between Telser and us. That is, in private, unregulated financial markets, equilibrium margins-the ratio of collateral in the form of liquid assets to the financial liability t