settlement price

settlement price
Established by the clearinghouse from the closing range of prices (the last 30 seconds of the day). The settlement price is used to determine the next day's allowable trading range, and to settle all accounts between clearing members for each contract month. Margin calls and invoice prices for deliveries are determined from the settlement prices. In addition to this, settlement prices are used to determine account values and determine margins for open positions. The CENTER ONLINE Futures Glossary
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A figure determined by the closing range that is used to calculate gains and losses in futures market accounts. Settlement prices are used to determine gains, losses, margin calls, and invoice prices for deliveries. Related: closing range. Bloomberg Financial Dictionary
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A figure determined by the closing range that is used to calculate gains and losses in futures market accounts, performance bond calls and invoice prices for deliveries. See "closing range." The official daily closing price of futures contracts. Chicago Mercantile Exchange Glossary
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The official closing price for a future set by the clearing house at the end of each trading day. Exchange Handbook Glossary

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   ► See EDSP.

Financial and business terms. 2012.

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