18 Forward contracts(远期合约) ° A forward contract is an agreement(协 ix to buy or sell an asset at a certain time in the future for a certain price the delivery price,交割价格) It can be contrasted with a spot contract(现货合约 Which is an agreement to buy or sell immediately It is traded in the otc market Options, Futures, and Other Derivatives, 4th edition g 2000 by John C Hull Tang Yincai, C 2005Options, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, © 2005 1.8 Forward Contracts(远期合约) • A forward contract is an agreement(协 议) to buy or sell an asset at a certain time in the future for a certain price (the delivery price，交割价格) • It can be contrasted with a spot contract (现货合约)which is an agreement to buy or sell immediately • It is traded in the OTC market