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The main difference between OTC forward contracts and OTC futures contracts is ().
Answer: a, b, c, d

OTC forwards are usually traded in the OTC market, while futures are usually traded in the exchange market. There is also a certain credit risk (counterparty risk) in OTC transactions, and there is almost no credit risk in OTC transactions with the exchange as the counterparty and centralized settlement and liquidation; The terms of forward contracts for over-the-counter transactions are usually determined by both parties through consultation, and the terms of different contracts may vary greatly, so there is no constant standard. The terms of futures contracts traded on the floor are fixed and standard; Futures contracts are usually subject to the varieties specified by the exchange. In order to ensure a certain liquidity, the exchange has strict standards for the determination of varieties. The target of OTC forward contracts is usually determined by both parties, and there are no uniform rules and standards, and the scope of application is relatively large.