TAG
Posts tagged "market-structure"
Why speculators never touch a Rillor physical contract.
Every Rillor contract intends physical delivery and is never cash-settled, so a pure price bet has no instrument here. Directional risk lives downstream, on venues that cash-settle against the index.
Standardized forwards versus bespoke supply agreements.
A bespoke GPU supply agreement is a private artifact. A standardized forward is a market position. The difference is six fields, and it changes everything downstream.
Forward contracts versus futures for GPU systems, and why Rillor is a forward.
A Rillor contract delivers iron, not cash. Here is the precise line between a bilateral OTC forward and an exchange-listed future, and why the distinction governs your procurement risk.
Why Rillor settles physically and never cash-settles.
Every Rillor forward resolves in hardware arriving at a facility, never a wire in lieu. Here is why physical delivery is the only honest settlement for a procurement market.