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Glossary   >   F   >   "Fungibility" Definition            Fungibility The interchangeability of listed options, futures contracts, and other instruments dependent upon identical terms. Interchangeability resulting from standardization. Futures and options contracts for the same commodity and delivery month are fungible due to their standardized specifications for quality, quantity, delivery date and delivery locations. Futures and options listed on national exchanges are fungible, while over-the-counter options generally are not. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Fungibility - The interchangeability of listed options, futures contracts, and other instruments dependent upon identical terms.

Interchangeability resulting from standardization. Futures and options contracts for the same commodity and delivery month are fungible due to their standardized specifications for quality, quantity, delivery date and delivery locations. Futures and options listed on national exchanges are fungible, while over-the-counter options generally are not.