Foreign Exchange and Specified Delivery Dates
The standardized deal between a number of parties to exchange a particular investment of standardized volume and high quality for the price agreed currently or typically referred to as the futures price or perhaps the strike rate with delivery taking place at a specified future delivery date. The foreign exchange agreements are traded over a futures exchange. The party saying yes to buy the main benefit later on, is the legitimate acquirer of the contract and considered going “long”, and if selling, the “seller” of the agreement, is said to be “short”.
