CME physical delivery

Discussion in 'Energy Futures' started by Surprise, Aug 11, 2010.

  1. Surprise

    Surprise

    Are longs and shorts matched randomly for physical delivery ? ( for example crude oil ) .
     
  2. Also make sure you rent a tanker truck since you have to go to the port to collect the oil.
     
  3. local

    local

    You can find the procedure for crude oil in 200.15 g) of the contract specifications. Allocation is assigned according to preference for foreign crude beginning with the largest preferences.

    My experience with taking delivery involved the oldest longs being matched with the oldest shorts i.e. depends on the contract and its specifications.
     
  4. He'll need a good size swimming pool too.
     
  5. Surprise

    Surprise

    thanks