Settlement & Delivery

At expiration, holders of short positions in OneChicago security futures are required to deliver physical shares of the underlying stock(s), and holders of long positions take delivery of the underlying stock(s). This process is facilitated by the OCC and DTCC on behalf of your brokerage firm.

Please consult your brokerage firm regarding its procedures and fees associated with delivery if you are considering holding a security futures contract until expiration.

The actual delivery date is 3 business days after the expiration date of the contract, reflecting the standard "T+3" settlement process in the U.S. securities industry. Because OneChicago contracts typically have Friday expiration dates, delivery will normally therefore occur on the Wednesday following expiration.¹ Assuming a standard, non-holiday schedule, the delivery timeline for OneChicago contracts will be as follows:²

Notes:

1. Except as noted below regarding exceptions for trading holidays, the last day of trading for OneChicago security futures contracts will be the third business Friday of the contract month. The expiration date is typically the last day of trading.
   
   
2. Holidays affect the standard schedule as follows:
   
   
   1. If the third Friday of a month is a trading holiday, the last day of trading will be the prior business day (normally a Thursday).
      
      
   2. Delivery is postponed by one calendar day for each holiday that occurs after the Expiration date prior to delivery. For example, if the Monday following the Expiration date is a holiday, delivery would be postponed from Wednesday to Thursday.

See OneChicago's trading calendar for current schedules.


Related Information

• Delivery Processing
• Managing Expiration Dates

Contact us for more information or call us : 1-800-542-1022
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