Quick question on VIX options

I was wondering if anybody knew how settlement works? From the specifications on the CBOE, it seems like it's cash settled.

Is that true?

So for example, if I sell a VIX put and the holder exercises the option, I don't end up buying a basket of assets that I have to sell later? I just pay the other party the cash difference?

Thanks.

 

Yes. Cash Settlement.

http://www.cboe.com/micro/vix/vixoptions.aspx

 

Thanks! That makes life so much easier than actually having to buy the underlying.