Futures Contract
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What are Futures Contracts |
A share future is an exchange-traded contract to buy or sell a designated security at a specified time in the future at a price that is fixed at the time the contract is entered into. Each futures contract represents a certain number of underlying securities. Futures may be settled in cash or by delivery of the underlying security, depending on the specifications of the contract.
For the purposes of insider reporting, transactions in futures and forwards may be reportable depending on the jurisdiction. You should seek advice from legal counsel who practices securities law. |