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

Summary: 1/89
Chapter 7. Derivatives markets.
Manual for SOA Exam FM/CAS Exam 2.
Chapter 7. Derivatives markets.
Section 7.2. Forwards.
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.
2/89
Chapter 7. Derivatives markets. Section 7.2. Forwards.
Forwards
Definition 1
A forward is a contract between a buyer and seller in which they
agree upon the sale of an asset of a specified quality for a specified
price at a specified future date.
Forward contracts are privately negotiated and are not
standardized.

  

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

 

Collections: Mathematics