Forward contract, financial
- Level
- Commodity
- Parent
- 64111700
- Below
- 0
- Links · KBLI
- 10
Definition
UNSPSC 64111701A non-standardized contract between two parties to buy or to sell a financial asset at a specified future time at a price agreed upon today. Usually arranged on an over the counter OTC basis, e.g., outside of an established exchange, the party agreeing to buy the underlying asset in the future assumes a long position, and the party agreeing to sell the asset in the future assumes a short position. The price agreed upon is called the delivery price, which is equal to the forward price at the time the contract is entered into. The price of the underlying instrument, in whatever form, is paid before control of the instrument changes.
Same parent
Under 64111700 · 12Activities that produce or sell this
KBLI · 10Inherited from family 64110000.
Warning
The links were generated with a large language model (Gemini 3.5 Flash), matching UNSPSC at the family level to KBLI at the kelompok level. Some of them maybe are wrong, so check any link you intend to rely on.