emini questions ??????

alanack · Jan 8, 2003

I'm studying eminis, and don't understand a couple of things... What do these contracts actually represent? How do they come into existence? And lastly, what happens at expiration?

gnome · Jan 8, 2003

Quote from alanack:

I'm studying eminis, and don't understand a couple of things... What do these contracts actually represent? How do they come into existence? And lastly, what happens at expiration?

1. SP500 index, Beta = 1
2. Authorized by exchange.
3. Settle at cash, if not liquidated sooner.

gnome · Jan 8, 2003

Quote from gnome:

1. SP500 index, Beta = 1
2. Authorized by the exchange.
3. Settle at cash, if not liquidated sooner.