Which of the following features is an example of net settlement as contemplated in the definition of a derivative financial instrument under ASC 815?
Net settlement under contract terms, such as net share settlement in the form of a cashless exercise of a stock option
Net settlement through a market mechamism, for example, through an exchange that offers a ready opportunity to sell the contract or to enter into an offsetting contract
Net settlement though the delivery of an asset that is readily convertible to cash, such as would exist with a forward contract that requires delivery of an exchange-traded equity security.
Each of these features is an example of net settlement as contemplated in the definition of a derivative financial instrument under ASC 815