Common use of Nature of Futures Clause in Contracts

Nature of Futures. Futures is a contract in which parties are bound to perform their obligations thereunder. Unless a party is able to offset its position before the settlement date, the seller of futures is obliged to make and the buyer is obliged to take delivery of the underlying asset of the contract (physical delivery), or a party may make cash settlement where the cash difference between the exercise price and the market value or price of the underlying asset or variable at a time or a period of time in the future as set out in the contract is paid to the other party.

Nature of Futures. Futures is a contract in which parties are bound to perform their obligations thereunder. Unless a party is able to offset its i ts position before the settlement date, the seller of futures is obliged to make and the buyer is obliged to take delivery of the underlying asset of the contract (physical delivery), or a party may make cash settlement where the cash thecash difference between the exercise price and the market value or price of the underlying asset or variable at a time or a period of time in the future as set out in the contract is paid to the other party.

Nature of Futures. Futures is a contract in which parties are bound to perform their obligations thereunder. Unless If a party is able fails to offset its the position of the contract before the settlement date, the seller of futures is obliged to make make, and the buyer is obliged to take delivery of of, the underlying asset of the contract (physical delivery), ) and make a payment thereof; or a party may make a cash settlement where of the cash difference between the exercise price and the market value value, or price of the underlying asset or variable variable, to the other party at a time or a period of time in the future as set out in the contract is paid to the other partycontract.