A SPI futures contract gives the holder the right but not the obligation to buy or sell ordinary shares at a known date in the future.

Name: A SPI futures contract gives the holder the right but not the obligation to buy or sell ordinary shares at a known date in the future.
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Question

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A SPI futures contract obligates the holder to buy or sell the underlying asset at a specified future date and price, unlike options which provide the right but not the obligation.

A SPI Futures Contract Gives the Holder the Right but Not