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A future contract...... 1) is standardized as to amounts and dates. 2) expose the contracting party to credit risk. 3) doesn't require a margin account

A future contract......

1) is standardized as to amounts and dates.

2) expose the contracting party to credit risk.

3) doesn't require a margin account to be established.

4) is not exchange traded, therefore doesn't have a ready market value.

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