This technical note introduces the basics of forward and futures contracts. It covers the most basic contract for financial assets, no income, and extends the discussion to cover contracts for financial assets with dividends, contracts for foreign exchange and commodities. There is a debate about the difference between forward / futures price and the expected spot price. "Hide
by Robert M. Conroy, 13 pages. Publication Date: 03 Oct 2008. Prod. #: UV1045-PDF-ENG