Different meanings: Forward foreign exchange refers to the foreign exchange business in which the buyer and the seller have not provided cash, signed a contract or paid a deposit, and agreed to handle the actual receipt and payment at the agreed exchange rate in the next month;

Futures is a standardized contract designated by the exchange, in which investors agree to deliver a certain number of targets at a specific time and place in the future if they think the spot price will rise or fall in the future.

Different functions: the main purpose of forward foreign exchange is to avoid the risks brought by foreign exchange changes; Futures is mainly the risk that investors think the spot price will rise or fall in the future.

Different trading places: Forward foreign exchange transactions in China can only be handled in banks for forward foreign exchange sales, and contracts can be signed with banks; Futures can be traded on futures exchanges, and futures products are diversified.

The subject matter is different: the forward foreign exchange business is mainly linked to the exchange rate, and whether the exchange rate will rise or fall in the future can be predicted by the increase or decrease of the national foreign exchange risk reserve; But the subject matter of futures is some commodities, such as soybeans, cotton or stock indexes.

Tips: The above contents are for reference only.

Reply time: 202 1- 10-27. Please refer to the latest business changes announced by Ping An Bank in official website.