TAILIEUCHUNG - Lecture Finance - Topic 10: Futures markets

This topic presents the following content: Forward vs. futures markets, purposes of futures markets, taxation of futures contracts, futures markets terms, reading futures prices (contracts), trading commodities, financial futures. | 1 Futures Topic 10 I. Futures Markets 2 A. Forward vs. Futures Markets 1. Forward contracting involves a contract initiated at one time and performance in accordance with the terms of the contract occurring at a subsequent time. Example: A highly prized St. Bernard has just given birth to a litter of pups. A buyer agrees to buy one pup for $400. The exchange cannot take place for 6 weeks. The buyer and seller agree to exchange (sell) the pup in 6 weeks for $400. This is a forward contract; both parties are obligated to go through with the deal. 3 A. Forward vs. Futures Markets (continued) 2. Differences b/w Forward and Futures Markets a. The Organized Exchange b. Contract Terms--standardized item c. The Clearinghouse--takes no active position in the market, but interposes itself between all parties to every transaction. The number of contracts bought must always equal the number of contracts sold. 4 A. Forward vs. Futures Markets (continued) d. The Requirement for Daily Resettlement .

• Tài chính doanh nghiệp
• Lecture Finance
• Financial management
• Financial statement analysis
• Futures markets
• Futures contracts
• Futures markets terms
• Business finance
• Lecture Business finance
• Capital market
• Sources of finance
• Leasing finance
• Sources of long term finance
• Long term finance
• Equipment finance
• Ordinary shares
• Long term debt
• Managerial finance
• Principles of managerial finance
• Lecture Principles of managerial finance
• Environment of managerial finance
• Financial services
• Career opportunities
• Financial statements
• Financial analysis
• Cash flow
• Financial planning
• Time value of money
• Future calue
• Risk and Return Fundamentals
• Interest rates
• Bond valuation
• Stock valuation
• Equity capital
• International managerial finance
• Lecture Managerial finance
• Financial options
• Corporate finance
• Option terminology
• Public finance
• Lecture Public finance
• Public Economics
• Federal system
• Fiscal federalism
• Lecture Fundamentals of corporate finance
• Fundamentals of corporate finance
• Financial manager
• Financial markets
• Business organization
• Working with financial statements
• Statement of cash flows
• Public expenditure
• Tiebout model
• Dividend Policy
• Capital structure
• Capital structure decisions
• Capital market efficiency