Abstract
A successful settlement of a financial transaction depends generally on the length of the settlement period, the volatility of the traded asset and the reliability of the counterparty to complete the trade. The volatility of Bunds has obviously increased over the last months and therefore it seems important to review the settlement procedures of Bunds as well as those of the related derivative instruments. In this chapter we will discuss and compare the different settlement possibilities for Bunds to identify their individual benefits. In addition we will explain the delivery process for Bund-Futures and the margining system for Bund Futures and Options at LIFFE.
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© 1991 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Corrigan, D., Pohlmann, M. (1991). Settlement of Bunds, Bund-Futures, Options on the Futures and OTC-Options on Bunds. In: Bunds and Bund Futures. Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12838-9_6
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DOI: https://doi.org/10.1007/978-1-349-12838-9_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-56987-0
Online ISBN: 978-1-349-12838-9
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)