Cheapest to Deliver - CTD

外汇网2021-06-19 13:54:42 180

The least expensive underlying product that can be delivered upon expiry to satisfy the requirements of a derivative contract.

|||Certain derivative products provide contract holders the right to deliver different grades of underlying stocks, bonds, or commodities at specific delivery or expiry points. Because investors will always want to deliver the cheapest available underlying, the price of derivatives will always factor the CTD product.

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