Settlement Models
Settlement Options for Futures Contracts
Futures contracts at IIBX may provide either of the following settlement mechanisms, depending upon applicable contract specifications.
Cash Settlement
Under cash settlement, open positions are settled financially without transfer of physical bullion.
Settlement obligations are determined based on the applicable settlement methodology and completed through financial settlement procedures.
Key Features
• inancial settlement of obligations
• No physical delivery requirement
• Efficient contract completion
Delivery Settlement
Under delivery settlement, contracts are settled through transfer of underlying bullion in accordance with contract specifications and Exchange procedures.
Unlike conventional delivery frameworks that rely only on delivery intention, IIBX adopts a structured market-driven delivery allocation approach.