Question
a) What are financial futures? Explain the basic characteristics that distinguish a futures contract from a forward contract. Explain the role of each of the
a) What are financial futures? Explain the basic characteristics that distinguish a futures contract from a forward contract.
Explain the role of each of the following parties in a futures contract i. Futures commission merchant ii. Locals iii. Clearing house
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
