2.7 Delivery If a contract is not closed out before maturit it usually settled by delivering the assets underlying the contract. When there are alternatives about what is delivered. where it is delivered. and when it is delivered the party with the short position chooses A few contracts(for example, those on stock indices and Eurodollars) are settled in cash Options Futures, and other Derivatives, 5th edition C 2002 by John C. HullOptions, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull 2.7 Delivery • If a contract is not closed out before maturity, it usually settled by delivering the assets underlying the contract. When there are alternatives about what is delivered, where it is delivered, and when it is delivered, the party with the short position chooses. • A few contracts (for example, those on stock indices and Eurodollars) are settled in cash