A futures contract is a firm agreement between two parties, buyer/seller to sell/buy at a pre-settled term (maturity), an underlying asset or a commodity (fungible and standardized) at a price agreed at the moment of transaction's conclusion.

It arises normally when the contract matures during the same cropseason. In an well-integrated market, Contango is equal to the cost of carry viz. Interest rate on investment, loss on account of loss of weight or deterioration in quantity etc.

It is usual for a contract maturing in the peak season to be in backwardation during the lean period.

Futures contract are contracts for delivery of goods. But most of the futures contracts, the world over, are performed otherwise than by physical delivery of goods.

The most important principle for designing a futures contract is to take into account the systems and practices being followed in the cash market. The unit of price quotation, unit of trading should be fixed on the basis of prevailing practices. The "basis" - the standard quality/grade - variety should generally be that quality or grade which has maximum production. The delivery centers should be important production or distribution centers.

ACC future contract expiring on 27th Feb, 2002 is defined as "Fut-ACC-27-Feb-2002". Wherein "Fut" stands for Futures as derivatives product, "ACC" for underlying stock and "27-Feb-2002" for expiry date. index or stock enabled for trading on futures is called an "Underlying" e.g. NIFTY (index) and ACC (stock). There may be various tradable contract for the same underlying based on its different expiration period.

Hang Seng Index Futures Contract allows investors to expose to the performance of the 33 constituent stocks by meeting the margin requirement. This margin requirement is to ensure that the investors fulfill their responsibilities. Both the buyer and the seller have to pay the margin requirement before they can open any contracts or make any deals. Upon the expiry of contracts, those investors who are in long position or short position shall settle the difference by cash.

The provision for delivery is made in the Byelaws of the Associations so as to ensure that the futures prices in commodities are in conformity with the underlying. Delivery is generally at the option of the sellers. However, provisions vary from Exchange to Exchange. Byelaws of some Associations give both the buyer and seller the right to demand/give delivery.

The Byelaws of different Exchanges have different provisions relating to delivery. Some Exchanges give the option to seller, i.e., if the seller gives his intention to give delivery, buyers have no choice, but to accept delivery or face selling on account and/or penalty. Some Exchanges, particularly the northern Exchanges trading contracts in "gur"/jaggery provide the option both to buyer and seller.

When holder of an option exercises his right to buy/ sell, a randomly selected (by computer) option seller is assigned the obligation to honor the underlying contract, and this process is termed as Assignment.

If you bring a vehicle into Ireland from abroad you must register it and pay VRT by the end of the next working day following its arrival in the State.

To make sure that your tax is properly dealt with from the start and that your employer deducts the right amount of tax from your pay you should do two things: Give your employer your PPS No. (Personal and Public Service Number), formerly your RSI No. He/she will then let the tax office know that you have started work. Apply for a certificate of tax credits by completing Form 12A (Application for a Certificate of Tax Credits and Standard Rate Cut-Off Point) and sending it to the tax office.

The E-mini S&P 500 futures contract is the most liquid stock index future available and is based on the S&P 500 Index. For a better understanding of the E-mini, we recommend you visit this site: E-Mini Info

Because the E-Mini S&P 500 is one of the most liquid stock index future, there are many options available to trade it. If you currently have an account with a brokerage, ask them if they allow you to trade it. If they do not offer it, then you can easily do a search on the Internet for e-mini brokerages. At this time, we do not wish to make any brokerage recommendations, so please do your own due diligence before opening an account.

GO FUTURES is an Internet and traditional based futures brokerage. GO FUTURES strives to keep its trading technology and platforms at the forefront of the industry without sacrificing quality customer service and telephone based trading and support. At GO FUTURES we strive to provide futures traders with access to the latest trading technology and trading tools at the lowest commission rate in the industry.