5. Forward and futures contracts Aa Aa E. The derivatives markets contain different types of contracts. Forward contracts, futures contracts, options, and swaps are some common types of derivatives contracts. Based on your understanding of forward and futures contracts, identify the differences between the two: Forward Futures Contracts Contracts These are nonstandardized contracts to buy or sell an asset at a specific time in the future at a specified delivery price. The derivatives markets contain different types of contracts. Forward contracts, futures contracts, options, and swaps are some common types of derivatives contracts. These are exchange traded standardized contracts to buy or sell an asset at a specific time in the future at a specified delivery price. Which of the following are used to hedge against fluctuating interest rates, stock prices, and exchange rates? O commodity futures O Financial futures