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TRADING ACCOUNT CLOSURE REQUEST FORM MSEFSL

TRADING ACCOUNT CLOSURE REQUEST FORM MSEFSL

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all futures contracts have a specified date on which they expire prior to the expiration date traders have a number of options to either close out or extend their positions without holding the trade to expiration but some traders will choose to hold the contract and go to settlement settlement is the fulfilment of the legal delivery obligations associated with the original contract for some contracts this delivery will take place in the form of physical delivery of the underlying commodity for example a food producer looking to acquire grain maybe looking to take delivery of physical corn or wheat and a farmer may be looking to deliver his grain to that producer although physical delivery is an important mechanism for certain energy metals and agriculture products only a small percent of all commodities futures contracts are physically delivered in most cases delivery will take place in the form of cash settlement when a contract is cash settled settlements take place in the form of a

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