Futures Transaction
Definition
Futures Transaction. A forward settlement transaction which is defined by the Futures market in which they are traded.
Issues and Challenges
This is a specialization of the Forward Transaction, which is distinguished by specific rules around for example novation. These are Market rules. So OTC v Futures are distinguished as markets where transactions occur. Action: Define "OTC Market" and "Futures Market" as types of the existing term "Market". In some futures markets the line between notional physical is graded as some markets which were Open Outcry (physical place) become Notional Place.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/DER/ExchangeTradedDerivatives/Futures/index-en.html + |
