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Chapter 7. Derivatives markets. Manual for SOA Exam FM/CAS Exam 2.
 

Summary: 1/15
Chapter 7. Derivatives markets.
Manual for SOA Exam FM/CAS Exam 2.
Chapter 7. Derivative markets.
Section 7.3. Futures.
c 2009. Miguel A. Arcones. All rights reserved.
Extract from:
"Arcones' Manual for the SOA Exam FM/CAS Exam 2,
Financial Mathematics. Fall 2009 Edition",
available at http://www.actexmadriver.com/
c 2009. Miguel A. Arcones. All rights reserved. Manual for SOA Exam FM/CAS Exam 2.
2/15
Chapter 7. Derivatives markets. Section 7.3. Futures.
Futures
A future is a standardized contract in which two counterparts
agree to buy/sell an asset for a specified price (the future price) at
a specified date (the delivery date).
The buyer in the future contract is called the long future. The
seller in the future contract is called the short future.
The main reasons to enter into a future contract are hedging and

  

Source: Arcones, Miguel A. - Department of Mathematical Sciences, State University of New York at Binghamton

 

Collections: Mathematics