Explore the intricate specifications of futures contracts, their standardization, and the roles of exchanges and clearinghouses in facilitating efficient trading.
Explore the crucial role of marking to market and margin requirements in futures trading, including daily settlement processes, initial and maintenance margins, and their impact on credit risk mitigation.
Explore the intricacies of pricing and valuation of futures and forwards, focusing on the cost-of-carry model, pricing relationships, and arbitrage opportunities.
Explore the intricacies of settlement procedures in futures contracts, including physical delivery, cash settlement, and the importance of delivery specifications.