forward contract

简明释义

期货合同

英英释义

例句

1.The airline entered into a forward contract to purchase fuel at a predetermined price.

这家航空公司签订了一个远期合同，以预定价格购买燃料。

2.A forward contract allows businesses to plan their budgets more accurately.

一个远期合同可以让企业更准确地规划预算。

3.Investors can lock in exchange rates through a forward contract when dealing with foreign currencies.

投资者在处理外币时，可以通过远期合同锁定汇率。

4.A farmer entered into a forward contract to sell his wheat at a fixed price before the harvest.

一位农民签订了一个远期合同，在收获前以固定价格出售他的麦子。

5.The company uses a forward contract to hedge against fluctuations in oil prices.

该公司使用远期合同来对冲油价波动的风险。

作文

A forward contract is a financial agreement between two parties to buy or sell an asset at a predetermined future date for a price that is agreed upon today. This type of contract is commonly used in various markets, including commodities, currencies, and financial instruments. Understanding the mechanics of a forward contract is essential for investors and businesses engaged in international trade or those looking to hedge against price fluctuations.The primary purpose of a forward contract is to lock in prices for the future. For instance, consider a farmer who is concerned about the potential drop in the price of wheat before harvest. To mitigate this risk, the farmer can enter into a forward contract with a buyer, agreeing to sell a specific quantity of wheat at a fixed price on a set date. This arrangement provides the farmer with certainty regarding their income and allows them to plan their finances with greater confidence.On the other hand, buyers also benefit from forward contracts. For example, a bakery may wish to secure a stable price for flour to manage its production costs effectively. By entering into a forward contract with a miller, the bakery can avoid the uncertainties associated with fluctuating market prices, ensuring they can maintain their profit margins.However, forward contracts come with their own set of risks. Since these contracts are customized agreements, they are typically not traded on exchanges, which means they lack liquidity. If one party fails to fulfill their obligations, the other party may face significant losses. Additionally, market conditions can change dramatically, leading to situations where one party may feel they have made an unfavorable deal.Another key aspect of forward contracts is that they are settled at maturity. This means that the actual exchange of the asset and payment occurs on the agreed-upon date. Unlike futures contracts, which are standardized and traded on exchanges with daily settlements, forward contracts are more flexible but require careful consideration of credit risk.In conclusion, a forward contract serves as a valuable tool for managing risk in various financial transactions. It allows parties to hedge against potential price movements and provides a level of certainty in uncertain markets. However, it is crucial for participants to understand the inherent risks and to engage in thorough due diligence before entering into such agreements. By doing so, they can make informed decisions that align with their financial goals and risk tolerance. Overall, the use of forward contracts can be an effective strategy for both individuals and businesses looking to navigate the complexities of the financial landscape.

远期合约是两个当事方之间的一种金融协议，约定在未来的特定日期以今天商定的价格买卖某项资产。这种类型的合约通常用于各种市场，包括商品、货币和金融工具。理解远期合约的机制对于参与国际贸易或希望对抗价格波动的投资者和企业至关重要。远期合约的主要目的是锁定未来的价格。例如，考虑一个担心在收获前小麦价格可能下跌的农民。为了减轻这种风险，农民可以与买方签订远期合约，约定在特定日期以固定价格出售一定数量的小麦。这一安排为农民提供了收入的确定性，使他们能够更有信心地规划财务。另一方面，买方同样可以从远期合约中受益。例如，一家面包店希望确保面粉价格稳定，以有效管理生产成本。通过与磨坊签订远期合约，面包店可以避免与市场价格波动相关的不确定性，从而确保其利润率。然而，远期合约也伴随着自身的一系列风险。由于这些合约是定制协议，通常不在交易所交易，这意味着它们缺乏流动性。如果一方未能履行其义务，另一方可能会面临重大损失。此外，市场条件可能会发生剧烈变化，导致一方感到自己做出了不利的交易。远期合约的另一个关键方面是它们在到期时结算。这意味着资产和支付的实际交换发生在约定的日期。与期货合约不同，期货合约是标准化并在交易所交易，具有每日结算的特点，而远期合约则更具灵活性，但需要仔细考虑信用风险。总之，远期合约作为管理各种金融交易风险的有价值工具。它允许各方对潜在的价格波动进行对冲，并在不确定的市场中提供了一定程度的确定性。然而，参与者必须了解固有的风险，并在签订此类协议之前进行彻底的尽职调查。通过这样做，他们可以做出符合自身财务目标和风险承受能力的明智决策。总体而言，使用远期合约可以成为个人和企业在复杂的金融环境中导航的有效策略。