Futures Contracts Available on a wide range of underlyings ● Exchange traded o Specifications need to be defined: What can be delivered Where it can be delivered. When it can be delivered 22⚫ Available on a wide range of underlyings ⚫ Exchange traded ⚫ Specifications need to be defined: - What can be delivered, - Where it can be delivered, & - When it can be delivered Futures Contracts 2.2