BANKING AFFAIRS

Detailed explanation-1: -It is an agreement between two parties to buy or sell an underlying asset in the future at a predetermined price.

Detailed explanation-2: -Futures are a type of derivative contract agreement to buy or sell a specific commodity asset or security at a set future date for a set price. Futures contracts, or simply “futures, ” are traded on futures exchanges like the CME Group and require a brokerage account that’s approved to trade futures.

Detailed explanation-3: -In finance, a futures contract (sometimes called a futures) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other.

Detailed explanation-4: -Futures-also called futures contracts-allow traders to lock in the price of the underlying asset or commodity. These contracts have expiration dates and set prices that are known upfront. Futures are identified by their expiration month. For example, a December gold futures contract expires in December.

Detailed explanation-5: -Stock Future contract is an agreement to buy or sell a specified quantity of underlying equity share for a future date at a price agreed upon between the buyer and seller. The contracts have standardized specifications like market lot, expiry day, unit of price quotation, tick size and method of settlement.