invoice amount

invoice amount
The amount paid by the buyer to the seller when a future is delivered, the invoice amount is calculated by taking the reference price set by the exchange, known as the exchange delivery settlement price ( EDSP), and multiplying it by the number of contracts and the scaling factor, which converts the quotation into the price of one contract. Further adjustments may take place for certain futures, e.g. accrued interest on bond futures. Dresdner Kleinwort Wasserstein financial glossary

Financial and business terms. 2012.

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