1
Q
What % of contracts actually takes delivery?
A
3%
2
Q
Which futures month has the heaviest trading?
A
The SPOT / Current month
3
Q
What is Delivery?
A
Actual tender and receipt of a commodity
4
Q
What is a Delivery Notice?
A
Note given by the seller indicating his intention of making a delivery on the date indicated by the futures contract; delivered by the clearing house
5
Q
When are deliveries paid for?
A
Before 1pm the day of delivery
6
Q
What happens if contract is delivered to client’s satisfaction?
A
Buyer will pay a premium
7
Q
Who decides on on delivery time
A
By the exchange where the commodity trades
S3
flashcards
Decks in class (33)
# Cards
-
S3 - 1.124
-
S3 - 1.25
-
S3 - 1.323
-
S3 - 1.423
-
S3 - 1.511
-
S3 - 1.635
-
S3 1.77
-
S3 2.1 & 2.215
-
S3 2.323
-
S3 2.416
-
S3 3.111
-
S3 3.28
-
S3 3.35
-
S4 4.18
-
S3 4.28
-
S3 4.417
-
S3 4.55
-
S3 4.65
-
S3 5.113
-
S3 5.213
-
S3 5.319
-
S3 5.45
-
S3 5.55
-
S3 6.118
-
S3 7.121
-
S3 7.326
-
S3 7.412
-
S3 7.515
-
S3 7.67
-
S3 7.326
-
S3 7.47
-
S3 7.4B17
-
S3 Options on Futures18
