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dc.contributor.authorLIen, Da-Hsiang
dc.date.accessioned2022-08-16T16:06:56Z
dc.date.available2022-08-16T16:06:56Z
dc.date.issued1987
dc.identifier.citationDa-Hsiang Donald Lien. Hedger Response to Multiple Grades of Delivery on Future Markets. Institute for Public Policy and Business Research, University of Kansas. Technical Report Series: 2 (1987).en_US
dc.identifier.urihttp://hdl.handle.net/1808/33230
dc.description.abstractFutures markets are essentially hedging markets. A successful futures market, therefore, mist provide effective instruments for hedgers. Accordingly. contract specifications and regulatory policies are the two most important elements when evaluating the effectiveness of a futures contract. However, due to shifts in the underlying structure of production and trade, contract grades and locations may become less representative of commercial needs, and hence an initially successful futures market may be subject to failure. To solve this problem, new regulatory policies may be proposed; but, the most constructive approach is to adapt the contract specifications to the changing market situation. Such contract specifications include the list of deliverable grades and locations, techniques for financial settlement when non-par deliveries are made, and regulated terms.en_US
dc.publisherInstitute for Public Policy and Business Research, University of Kansasen_US
dc.relation.ispartofseriesTechnical Report;2
dc.rightsCopyright 1987, Institute for Public Policy and Business Research, University of Kansasen_US
dc.titleHedger Response to Multiple Grades of Delivery on Future Marketsen_US
dc.typeTechnical Reporten_US
dc.rights.accessrightsopenAccessen_US


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