Which of the following statements are true? Select all that apply.

Question 24 options:

Futures contacts have virtually no credit risk. There is always the possibility of default with Forward contracts.

Forwards are settled daily and marked to market whereas Futures are settled at the maturity of the contract

Futures have a range of potential delivery dates whereas Forwards are usually settled on a specific date.

The total payoff on Forwards and Futures is the same, only the timing of the cash flows is different

Basic hedging can be accomplished with either Forwards or Futures