Which one of the following descriptions about forwards and futuros contract is true? A Forwards are traded as private contracts between two parties. Futures are traded on an exchange. They have similar counterparty risks. B.Forwards are subject to physical delivery or cash settlement at expiry. While futures only offor cash settlemento c. For both forwards and futures, traders negotiate the choice of delivery dates, the size of the contract and any other contract specifications. Both can be used to hedge, speculate and arbitrage D. The underlying assets for forwards and futures are not only traditional financial assets and commodities, but also include assets like weather, carbon, cryptocurrencies etc