Features of Futures 能 Contract specifications are established by the exchange on which futures are traded. Major features that are standardized are: Contract size 图 Method of stating exchange rates Maturity date 留 Last trading day 图 Collateral and maintenance margins Settlement Commissions Use of a clearinghouse as a counterpartyFeatures of Futures Contract specifications are established by the exchange on which futures are traded. Major features that are standardized are: Contract size Method of stating exchange rates Maturity date Last trading day Collateral and maintenance margins Settlement Commissions Use of a clearinghouse as a counterparty