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Home/Glossary/Cash settlement

Futures · Pro

Cash settlement

By Omer Rapaport · Content updated 11 September 2026

What does Cash settlement mean?

Cash settlement resolves a derivative at a defined settlement value through a monetary adjustment rather than delivery of the underlying asset.

Example

An expiring index contract settles against its specified final reference value.

Illustrative example; not a provider’s quoted offer.

Why it matters for prop traders

Do not assume a product is cash-settled simply because a trading platform displays prices in cash terms.

Sources and further reading

The following primary sources support the terminology. Provider rules describe their own products and may change.

  • CME Group - Expiration and contract roll

Related terms

  • Contract rollover
  • Futures expiration
  • Backwardation
← All 181 terms

Frequently asked questions

Does a cash price display mean the contract is cash-settled?

Do not assume a product is cash-settled simply because a trading platform displays prices in cash terms.

Sources: CME Group - Expiration and contract roll

What is a practical example of Cash settlement?

Illustrative example: An expiring index contract settles against its specified final reference value.

Sources: CME Group - Expiration and contract roll

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