CFA L2 FinQuiz Reading (48-53)-Derivatives-L2-2013推荐.pdfVIP

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CFA L2 FinQuiz Reading (48-53)-Derivatives-L2-2013推荐.pdf

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CFA L2 FinQuiz Reading (48-53)-Derivatives-L2-2013推荐

Reading 48 Forward Markets and Contracts 3 The party to the forward contract that agrees to buy forward contract that agrees to sell/deliver the asset the financial or physical asset has a long forward has a short forward position and is called the short. position and is called the long. The party to the 1 4. PRICING AND VALUATION OF FORWARD CONTRACTS 0 2 In a forward contract the price is agreed at the contract for a total outlay of the spot price of the contract initiation date and is commonly called the asset. forward price or forward rate. The price of a forward • Over the life of the contract, we hold the asset contract is not the price to purchase the contract and forgo interest on the money. because the parties to a forward contract typically • At expiration, we deliver the asset and receive the pay nothing to enter into th