#finance #steiner-mastering-financial-calculations-3ed
The futures "settlement" - the profit or loss on the contract - is also all settled by the same date, via the margin payments made during the period from transaction until the futures delivery date. However, in most futures markets, this settlement is not discounted.
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piotr.wasik - (no access) - Mastering Financial Calculations 3ed (Steiner), p110
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