Abstract
The delivery process plays a central role in ensuring the effective performance of futures markets. An efficient delivery mechanism facilitates the convergence of cash and futures prices. Hedgers rely upon convergence to guarantee a close relationship between cash and futures prices. Moreover, the maintenance of a close relationship between cash and futures prices allows producers and consumers to make more informed decisions.
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© 1993 Springer Science+Business Media New York
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Pirrong, S.C. et al. (1993). Summary and Conclusions. In: Grain Futures Contracts: An Economic Appraisal. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-3238-5_6
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DOI: https://doi.org/10.1007/978-1-4615-3238-5_6
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-6423-8
Online ISBN: 978-1-4615-3238-5
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