Which of the following statements about hedging using futures contracts is correct. (You may check more than one answer) A perfect hedge is when the basis at maturity bT is equal to zero A company is going to be buying copper in October. Given a choice between using September futures contracts, November futures contracts, or January futures contracts on copper, it should use the September futures contracts to hedge. Most hedges using futures contacts are cross hedges The risk that remains after hedging using futures contracts is the known as the "basis risk