Elementary Financial Derivatives (A Guide to Trading and Valuation with Applications) - Original PDF
نویسندگان: Jana Sacks Ph.D.
خلاصه: DERIVATIVE INSTRUMENTS: CONCEPTS AND DEFINITIONS 1.1 KEY DERIVATIVE INSTRUMENTS DEFINITIONS Forwards and Futures A forward contract is a contract between two parties. It states that one of the two parties is to buy something from the other at a later date at a price agreed upon today. A futures contract is also a contract between two parties. One party is bound to buy something from the other at a later date at a price agreed upon today, subject to a daily settlement of gains and losses and guaranteed against the risk that either party might default