2.2 Futures Contracts Available on a wide range of underlying assets Exchange traded Specifications need to be defined What can be delivered Where it can be delivered When it can be delivered Settled da Options Futures, and other Derivatives, 5th edition C 2002 by John C. HullOptions, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull 2.2 Futures Contracts • Available on a wide range of underlying assets • Exchange traded • Specifications need to be defined: – What can be delivered, – Where it can be delivered, – When it can be delivered • Settled daily