${?}_{\text{W}\text{h}\text{i}\text{c}\text{h}of\text{t}\text{h}\text{e}\text{f}\text{o}\text{l}\text{l}\text{o}\text{w}\text{i}\text{n}\text{g}is\text{N}\text{O}\text{T}\text{t}\text{r}\text{u}\text{e}\text{f}\text{o}\text{r}\text{f}\text{u}\text{t}\text{u}\text{r}\text{e}\text{s}\text{c}\text{o}\text{n}\text{t}\text{r}\text{a}\text{c}\text{t}\text{?}}$

$A.$ The futures price converges $to$ the spot price $at$ expiration.

$B.$ Futures contract has a value $of$ $$0at$ initiation.

$C.$ The parties specify whether physical delivery $or$ cash settlement applies.