期货和远期合约 Futures and forwards ■远期合约-在未来某一时间以现在商定的价格买卖资产的协议 Forward -an agreement calling for a future delivery of an asset at an agreed-upon price ■期货合约一将远期合约标准化和正式化 Futures-similar to forward but feature formalized and standardized characteristics 期货与远期合约的主要差异 Key difference in futures 二手交易一流动性 Secondary trading- liquidity 集中市场 Marked to market 标准合同单位 Standardized contract units 清算所保证合约的执行 Clearinghouse warrants performance 22-322-3 期货和远期合约 Futures and Forwards 远期合约–在未来某一时间以现在商定的价格买卖资产的协议 Forward - an agreement calling for a future delivery of an asset at an agreed-upon price 期货合约－将远期合约标准化和正式化 Futures - similar to forward but feature formalized and standardized characteristics 期货与远期合约的主要差异Key difference in futures – 二手交易－流动性 Secondary trading - liquidity – 集中市场 Marked to market – 标准合同单位 Standardized contract units – 清算所保证合约的执行 Clearinghouse warrants performance