The profit and loss curves of both parties in option trading are nonlinear. (5) Different settlement methods, hedging liquidation or physical delivery hedging, exercising or waiving rights at maturity. Futures and swaps 1. The relationship between futures and swaps.

Futures contract: a standardized agreement in which both parties agree to buy and sell a certain number of underlying assets on a certain date in the future according to the agreed conditions (including price, delivery place, delivery method, etc.). ) According to the different subject matter, futures contracts can be divided into: commodity futures: the subject matter is physical commodity financial futures: the subject matter is financial instruments.