Which of the following statements are true about forward contracts? Check all that apply:

The seller has an obligation to sell a specified amount of an asset at a specified date and price.

They are an agreement to buy or sell a specified amount of an asset at a specified date and for an agreed-upon price.

They are daily marked to market.

They eliminate both price risk and credit (default) risk.

Both parties (buyer and seller) are protected from future price fluctuations of the asset.