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Premium discount

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1996.). The settlement price of a VIX Futures Contract is based on the calculation that determines the level of the VIX Index. The price of futures contracts further from expiration may be higher (contango) or lower ( backwardation).

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The VIX Index is not directly investable. Short sales are transactions in which vmin sells a security it does not own. Several factors may affect the price and/or liquidity of rabatt hertz usa VIX Futures Contracts, including, but not limited to: prevailing market prices and forward volatility levels of the.S. The derivatives may not always be liquid. Premium discount derived from the Type B Carriers Premium Discount Table election is reported under the statistical class code 0064. Developed by Yaroslav Gaevoy. (Refer to dated November 5, 1990, dated January 2, 1991 and dated December 7, 1990.). Unlike most ETFs, vmax expects to effect its creations and redemptions in exchange for a significant cash component and a smaller component of in-kind securities. Premium discount recognizes that there are fixed costs associated with issuing and servicing policies, therefore the relative expense of issuing and servicing larger premium policies is less than for smaller premium policies. The Funds performance will be directly related to the performance of those investments.

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