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Also, aren't forward contracts by definition unsecured as compared to a futures market?? If the supplier genuinely doesn't have supply or goes out of business,
by simtel20 5y ago
Also, aren't forward contracts by definition unsecured as compared to a futures market?? If the supplier genuinely doesn't have supply or goes out of business, you've lost your money, right?
- ska 5y agoYou can contract around anything, including penalty clauses. But yes if there isn't any X to be had, your agreement to take delivery isn't really helpful today.