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Glossary · PSX term

Deliverable futures.

Deliverable futures are PSX contracts where actual shares are delivered when the contract expires.

Definition

A deliverable future contract (DFC) is a standardised agreement, typically 500 shares per contract with a 90-day maturity, that ends in real delivery of the underlying stock. This differs from cash-settled futures, which settle only the price difference.

Worked example

Holding a LUCK deliverable future to expiry means you actually receive the underlying LUCK shares.

Related on PSX Clarity

Term
Futures contract
Term
Cash-settled futures
Term
Rollover week

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