#finance #steiner-mastering-financial-calculations-3ed
As it is not permitted for an interest rate future contract to be delivered; if a trader buys such a contract, he cannot insist that, on the future delivery date, his counterparty makes arrangements for him to have a deposit for 90 days from then onwards at the interest rate agreed. Rather, the trader must reverse his futures contract by delivery, thereby taking a profit or loss.
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piotr.wasik - (no access) - Mastering Financial Calculations 3ed (Steiner), p106
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