Settle price

Settle price

An average of the trading prices in the futures market during the last few minutes of trading.

Settle Price

1. The last price for an option or futures transaction on a derivatives exchange in a given trading day. It is calculated by averaging the last bid and offer, the final sale price, and a weighted average of the transaction prices over the last few minutes of trading. Clearing houses use the settle price to determine whether or not margin accounts and other accounts are current. It is also called a settlement price.

2. See: Closing price.
References in periodicals archive ?
After a very little research I came to know that minimum settle price of the pack of 20 cigarettes is around 50; then how cheaper cigarettes are being sold in the market?
Of the four daily historical futures prices reported, namely, the "Open" or first price of the day, the "High" price for the day, the "Low" price for the day, and the "Settle" or final price of the day, the settle price is considered the most informative (CME [18]).
Hackney drivers can supplement their income on Alpha'system, with plenty of jobs at a reduced settle price. Alpha has quality hackney cabs available from PS280 per week.
"The average cap rata for Manhattan hotels is 6 to 8% at the settle price, making the building's pricing especially attractive," commented the pair.
Neither would anyone have predicted a $4.20 settle price for OCT 06.
NORDIC BUSINESS REPORT-31 October 2003-AP Moller-Maersk and CSX settle price dispute over Sealand deal - report(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com
The relation between the futures and its realized future cash or settle price is examined for all combinations of futures prices (15, 30, 45, and 60 days to maturity) and realized cash or settle prices (FD, MD, and LD deliveries).
Then, calculate the monthly difference between those prices and the appropriate index (most often, NYMEX Henry Hub settle price).
Hackney drivers can supplement their income on Alpha's system, with plenty of jobs at a reduced settle price. Alpha has quality hackney cabs available from PS280 per week.
After having dropped at one point to below $1,200 in recent weeks, gold has pushed back to $1,240 an ounce and the "rally looks quite likely to settle prices at around $1,315 by end December," according to Abdul Salam K.P., Treasurer on the Board of Directors at Dubai Gold & Jewellery Group.
It was in this hall that the iron market was held on Tuesdays and Fridays to settle prices for iron, steel and other materials that were being produced on Teesside.