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campario campario
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What is a futures contract? What institutions handle futures contracts?
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International Business


Edition: 15th
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WindozWindoz
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A foreign currency futures contract resembles a forward contract insofar as it specifies an exchange rate some time in advance of the actual exchange of currency. However, a future is traded on an exchange, not OTC. Instead of working with a bank or other financial institution, companies work with exchange brokers when purchasing futures contracts.
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