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Futures contract delivery procedures

โœ Scribed by Schneier, Lance W. ;Morsches, Gary J.


Publisher
John Wiley and Sons
Year
2008
Weight
287 KB
Volume
7
Category
Article
ISSN
0743-5665

No coin nor oath required. For personal study only.


๐Ÿ“œ SIMILAR VOLUMES


Equivalent delivery procedures for gnma
โœ Walter L. Eckardt Jr. ๐Ÿ“‚ Article ๐Ÿ“… 1984 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 578 KB

utures contracts in Government National Mortgage Association (GNMA) F passthrough certificates were introduced on the Chicago Board of Trade (CBT) in 1975. Two types of contracts exist. The GNMA Collateralized Depository Receipt (CDR) future delivery vehicle is a CDR backed by GNMA certificates. The

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utures and options allow a variety of trading strategies. Traders can use them F singly or in combinations to hedge spot positions, speculate on price movements, or establish indirect investments in underlying assets. To price futures and options, it is easiest to avoid trading motives and concentra

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โœ Da-Hsiang Donald Lien ๐Ÿ“‚ Article ๐Ÿ“… 1991 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 556 KB

irtually all futures contracts provide sellers with various delivery options to ease their concerns of possible long squeezes as maturity dates near. With the exception of Livingston (1987), the literature seems to conclude delivery options have a nonzero value. (

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rity or call. As of this writing, there are over 20-issues "good" for delivery. Typically, however, only a handful of these issues are actually delivered during a particular contract month. In fact, on any given date, deliveries tend to be dominated by a single issue. These circumstances may be att

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โœ Da-Hsiang Donald Lien ๐Ÿ“‚ Article ๐Ÿ“… 1990 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 426 KB

n a recent article, Lien (1989(b)) shows that within a mean-variance framework the I optimal futures contract for a commodity with various grades is a conventional cash settlement contract that dictates the futures price as a linear combination of various cash prices (at maturity) such that the weig