Futures contract trading settlement
In most cases, delivery will take place in the form of cash settlement. When a contract is cash-settled, settlement takes place in the form of a credit or debit made for the value of the contract at the time of contract expiration. The most commonly cash-settled products are equity index and interest rate futures, Trading at Settlement (TAS) allows you to buy or sell an eligible futures contract during up to 10 tickets higher or lower than the current day’s settlement price. Metals futures traders frequently incorporate TAS transactions into their trading strategies, executed for outright, spread, or block trades.