单选题 Some forward contracts are termed cash settlement contracts. This means:

A、 either the long or the short in the forward contract will make a cash payment at contract expiration and the asset is not delivered.
B、 at settlement, the long purchases the asset from the short for cash.
C、 at contract expiration, the long can buy the asset from the short or pay the difference between the market price of the asset and the contract price.

【正确答案】 A

【答案解析】In a cash settlement forward contract there is a cash payment at settlement by either the long or the short depending on whether the market price of the asset is below or above the contract price at expiration. The underlying asset is not purchased or sold at settlement.