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will futures ever discontinue?

  #5 (permalink)

Chicago IL USA
Trading Experience: Advanced
Platform: NinjaTrader, MetaTrader
Favorite Futures: Futures
Posts: 2 since Jul 2013
Thanks: 9 given, 0 received

Taking Delivery on a Futures Contract

If you take delivery on a Futures Contract the product will be in a storage facility and you will get a receipt and a bill for storage and insurance and of course you have to pay for the product. Usually your clearing firm will help you sell it, but expect a lecture from the firms risk manager about taking delivery. Usually after notice day your broker will be after you to roll the contract so you don't take delivery.

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