IN THIS SECTION:
Creation of a Futures Contract | Extinguishing (Offset) of a Futures Contract | Creation and Extinguishing (Offset) of a Futures Contract

How Futures Contracts are
Created and Extinguished (Offset)
1. Creation of a Futures Contract:
Neither Buyer Nor Seller Has Any Current Futures Positions.

*Assume Buyer's and Seller's FCMs are members of the clearinghouse.

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