Monty Co$,$ whose domestic currency is the dollar $($$$),$ exports to countries whose currency is in Pesos. In $6$ months$,$ time they are expecting a $150,000$ peso receipt from a customer.

Monty Co has a supplier in a foreign country whose currency is the dinar $($D$).$ In six months$,$ time, Wren Co must make a payment to the supplier, of D$1$ million.

Monty Co also wants to compare making a lead payment of D$1$ million now, with taking out a forward exchange contract for D$1$ million, that can be exercised in six months$$ time. As the company is short of cash, it would need to borrow money for any exchange rate risk hedging.

Exchange Rates Peso to $ Dinars to $

Spot rate $5\mathrm{.}782\mathrm{.}05$

Six month forward $5\mathrm{.}901\mathrm{.}98$

The following information on current short$-$term interest rates is available:

Six$-$month Interest rates Borrowing Deposit

Dollars $2\%1\%$

Pesos $5\%4\%$

As a result of the general uncertainty over exchange rates, Monty Co is considering a variety of ways in which to manage its foreign exchange rate risk, including the use of derivatives.

Which TWO of the following derivative instruments are characterised by a standard contract size?

Forward contract

Forward rate agreement

Futures contract

Swap

Over$-$the$-$counter option

Exchange tradable option