Which of the following is NOT an attribute of a forward of futures contract?

A.In the case of a forward contract where the contract is negotiated with a known party, a firm may be disclosing strategic information regarding its risk exposure.

B.By alternatively using a future contract rather than a forward contract, the risk of default is eliminated.

C.Because futures contracts are between anonymous parties, there is a risk of default as each party may not be in a position to assess the credit worthiness of the other party .

D.Since a forward contract is only a customary agreement between nonanonymous parties, there is a risk that one party may default if future prices deviate materially from the contracted price