Forward contract is a non-standardized contract between counterparties, where the parties agree that the delivery price of the underlying asset would be determined at the time of delivery at a specified future date.

Question

Quizplus · Accepted Answer

In a forward contract, the delivery price of the underlying asset is determined at the time of contract initiation, not at the time of delivery.

Forward Contract Is a Non-Standardized Contract Between Counterparties, Where the Parties