List of cash settled futures

autom said:
Thank you so much for the detailed reply. So sounds like as long as i close my position before the expiry, i should be good.. right ? meaning it will practically be cash settled for me. I am going to do intraday and wont hold it longer. So if close my intraday position before 10 am PST on the expiry, i would not have to deal with deliver etc right ?
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Just trade the front month and roll to the next contract when the volume gets bigger in the next expiry, easy.
 
algofy said:
And respectfully, you have a lot to learn before risking any money live. Keep doing your research and homework.
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Thanks for the advice. Yes will do. I have already started doing ES with some decent backtesting (automated). I just posted another discussion on the similar lines, you might have some interesting thoughts on it since you are "algofy" which tells me that you are an algo guy: https://www.elitetrader.com/et/threads/es-cl-more-having-multiple-futures-auto-strategy.306975/
 
autom said:
Folks, pardon me for a very novice question.
Is there a list of like which futures are cash settled (instead of actual delivery settled) ?
I have been trading ES emini with a decent success rate.
I also wanted to complement it with other instruments. Particularly CL crude oil.
Are CL cash settled ? Also, how about NG - are they cash settled too ?

It was surprising for me that there is no such list on internet which tells me which contracts are cash settled and which not

Thanks for your help..
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Go to : http://www.cmegroup.com/market-regulation/position-limits.html
Download the CME Position Limits XLSX file. Filter for Financially Settled products in column G.

Then you got your list.
 
Overnight said:
Hmmm. I don't understand that part of the process, and would be fascinated to learn. Why would the broker/FCM be the one burdened with the responsibility of arranging delivery of (or reception of) a physical? Wouldn't that be incumbent on the actual future contract holder? Or is the FCM acting on "behalf" of the account holder, and so the FCM must arrange the deliveries?
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I'm not an expert on this. Here is some "light" reading for you. https://www.cmegroup.com/rulebook/CBOT/I/7/7.pdf
 
Overnight said:
Hmmm. I don't understand that part of the process, and would be fascinated to learn. Why would the broker/FCM be the one burdened with the responsibility of arranging delivery of (or reception of) a physical? Wouldn't that be incumbent on the actual future contract holder? Or is the FCM acting on "behalf" of the account holder, and so the FCM must arrange the deliveries?
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The FCMs are intermediaries in all dealings between an account holder and the clearing house. Delivery into a futures contract is just another such transaction, so it's perfectly understandable.
 
Robert Morse said:
I'm not an expert on this. Here is some "light" reading for you. https://www.cmegroup.com/rulebook/CBOT/I/7/7.pdf
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Thanks OMM! I found the relevant bits. Section 702...

A clearing member carrying an account that is required to make or accept delivery agrees to guarantee and assume complete responsibility for the performance of all delivery requirements set forth in the Rules.

And section 716...


Prior to the last day of trading in a physically delivered contract, each clearing member shall be responsible for assessing the account owner’s ability to make or take delivery for each account on its books with open positions in the expiring contract. Absent satisfactory information from the account owner, the clearing member is responsible for ensuring that the open positions are liquidated in an orderly manner prior to the expiration of trading.
 
I have a CTA that trades AG products for me. Almost every month I get a notice like the following. I have a big 2 Bedroom apartment, but not this big. He always covers about a week before he has to. Still a little scary. 1 contract is 40,000 pounds of LIVE Cattle!

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