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Forward Commitment and Contingent Claim Features and Instruments Learning Objectives Coverage LO1: Define forward contracts, futures contracts, swaps, options (calls and puts), and credit derivatives and compare their basic characteristics Core Concept Derivatives are classified into two broad famil...
Topic 6: Pricing and Valuation of Futures Contracts Learning Objectives Coverage LO1: Compare the value and price of forward and futures contracts Core Concept Futures and forward contracts are similar derivatives but differ fundamentally in their settlement mechanisms and margin requirements.