A regulated futures contract is defined under Section 1256 of the Internal Revenue Code. A Section 1256 contract is any: Please refer to IRS Publication 550, "Investment Income and Expenses" and Section 1256(g) of the Internal Revenue Code, available on line at www.irs.gov for specific definitions of these securities. We also recommend that you consult your tax professional. See similar questions...

Futures contract is a financial contract obligating the buyer to purchase an asset (or the seller to sell an asset), such as a physical commodity or a financial instrument, at a predetermined future date and price. Futures contracts detail the quality and quantity of the underlying asset; they are standardized to facilitate trading on a futures exchange. Some futures contracts may call for physical delivery of the asset, while others are settled in cash. See similar questions...

The Australian futures market is regulated by the Australian Securities and Investment Commission (ASIC) and the Sydney Futures Exchange (SFE). See similar questions...

All futures industry related operations and personnel are strictly regulated and licensed by the CFTC - a federal agency operating at the direction of Congress. This agency works alongside to the Securities & Exchange Commission (SEC) that regulates stock exchanges and personnel. The CFTC has transferred many of its regulatory powers to the NFA. See similar questions...

It is just as easy to sell first and then buy back later because a futures contract is an agreement to make the stated exchange at some time in the future. Selling first is referred to as shorting or selling short. To offset your obligation to deliver, all you need to do is buy back your contract(s) prior to expiration. Source: Mastering Commodity Futures & Options, George Kleinman; Pitman Publishing, 1997. See similar questions...

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. See similar questions...

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

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. See similar questions...

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. See similar questions...

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. See similar questions...

If we were to take a 1st charge over your residential property of which more than 40% will be occupied by yourself or a member of your family the loan will be a regulated mortgage contract. ^top See similar questions...

How do you calculate a 10 day moving average using only the "2nd nearby contract" data only? In other words, upon rollover, always pick up the data from what the 2nd nearby contract data would have been using, not a combination of some 1st and 2nd. See similar questions...

Based on the closing prices, the 3 day average on 7/24/2001 should be 26.01, but "avg" on 7/24/2001 shows 26.12. The discrepancy in the results is based on XMIM's automatic adjustment of the price gap that occurs between contracts on the rollover day. See similar questions...

A futures contract is an agreement, traded on a futures exchange, to deliver a commodity or financial instrument for an agreed upon price – the futures price – at a standardized future date. See similar questions...