
As we can see, one contract, the bond future, has a delivery standard
that requires physical delivery of a bond that is on the list of deliver-
able bonds published by the exchange, whilst the other contract, the
index future, is cash-settled with reference to an exchange published
price. Notice also how the bond future specification has been subject
to changes.
More details about the contract terms and administration terms
are contained in the full contract specification, the above examples
being ‘summary’ specifications, and a copy of the specification for the
FTSE 100 Index Future is contained in the Appendices.
Standardised products ...