An overnight index swap (OIS) is a hedging contract where two counterparties exchange a cash flow that has already been decided. There are two legs: a floating leg and a fixed leg of cash flows. The floating leg
Cash Settlement This type of settlement is not as common as physical settlement. Such a type of settlement, however, is common for securities that can’t be easily transferred or delivered. For example, contracts that depend on indices, currency, and commodities are generally subject to a cash ...
The disclosed embodiments relate to determining a listing date, an expiration date and the cash settlement price of a futures contract, i.e. a Treasury Futures, for the delivery of the most recently issued, referred to as an on-the-run, US treasury Note of a particular maturity by reference...