Chapter 01 · Section 1.1

Contract Terms - Futures

                   Forwards             Futures

Contract Terms     Variable             ........
Delivery           ........             ........
Trading            ........             ........
Margins            ........             ........
Credit Risk        ........             ........
Liquidity          ........             ........
Cash Flow          ........             ........

Are the terms of a futures contract:

• a) standard for every contract?
  Yes. With futures contracts being traded on exchanges and changing hands several times before delivery, standardized contract terms are essential. Continue
  b) particular to each individual contract and variable from contract to contract?

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