Chapter 01 · Section 1.1

Forwards versus Futures

1. 1Forwards versus Futures Table→
2. 2Contract Terms - Forwards→
3. 3Contract Terms - Futures→
4. 4Delivery→
5. 5Trading Method→
6. 6Margin→
7. 7Futures Margin Calculation→
8. 8Counterparty Risk→
9. 9Fowards versus Futures Table→
10. 10Cash Flow - Forwards→
11. 11Cash Flow - Futures→
12. 12Completed table→

Forward and futures markets have both developed over time. For some needs, futures markets have replaced forward markets.

For other needs both markets are complementary and in some cases forward markets are still more important than futures markets. This makes it important to understand the difference between forward and futures trading.