NO.PZ2023040401000013
问题如下:
Which of the following statements regarding the settlement of forward contracts is correct?
选项:
A.Contract settlement by cash has different economic effects from those of a settlement by delivery.
Non-deliverable forwards and contracts for differences have distinct settlement procedures.
At cash settlement, when the long party acquires the asset in the market, it effectively pays the forward price.
解释:
C is correct. In the case of cash settlement, the long can acquire the asset, effectively paying the forward price, F0(T).
A is incorrect because forward contracts settled by cash or by delivery have the same economic effect.
B is incorrect because both non-deliverable forwards and contracts for differences can settle by an exchange of cash.
Contract settlement by cash has different economic effects from those of a settlement by delivery. 中settlement by delivery.指的是实务交割么