FOREIGN CURRENCY FUTURES CONTRACT


Meaning of FOREIGN CURRENCY FUTURES CONTRACT in English

Mainly applies to international equities. Standardized and easily transferable obligation between two parties to exchange currencies at a specified rate during a specified delivery month; standardized contract on specified underlying currencies, in multiples of standard amounts. Purchased and traded on a regulated exchange to which margins are posted .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.