An exchange-for-physicals, as it pertains to futures contracts:
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A) |
is another term for delivering an asset to satisfy a futures contract. | |
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B) |
is another term for accepting delivery of an asset to satisfy a futures contract. | |
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C) |
involves an agreement off the floor of the exchange. | |
An exchange-for-physicals involves an agreement between long and short contract holders to settle their respective obligations by delivery and purchase of an asset. It is executed off the floor of the exchange and reported to exchange officials who then cancel both positions. | 
发表于 2010-4-26 14:02
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