GlossaryFutures

Physical Settlement

Settling a futures contract at expiry by delivering the actual underlying asset, such as barrels of oil or ounces of gold, rather than cash.

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Assignment & ExerciseOptions
CL: Crude Oil FuturesFutures
Futures Contract SpecificationsFutures
Futures SettlementFutures

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intermediateFutures

ES: E-mini S&P 500 Futures

The E-mini S&P 500 (ES) is the world's most heavily traded equity-index future — the benchmark instrument for gaining or hedging exposure to the US stock market around the clock. Learn what it tracks, its key specifications, why it's so widely used, and how it differs from an ETF like SPY.

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Physical Settlement

Appears in these guides

Related terms

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ES: E-mini S&P 500 Futures

Physical Settlement

Appears in these guides

Related terms

Related lessons

ES: E-mini S&P 500 Futures