Assume the holder of a futures position negotiates off the floor of the exchange with the holder of a short futures position to accept delivery to close out both the long and short positions. Which of the following statements about the transaction is true? The transaction is: Select one: O a known as cash settlement O b. known as an exchange for physicals O c. not a legal transaction: US. Federal law requires that all transactions take place on the floor of the exchange O d. known as delivery