Forward contract is a relatively simple financial derivative. The two parties to the contract agree to buy and sell an agreed amount of financial assets at an agreed price at a certain time in the future. The futures exchange provides credit guarantee for buyers and sellers by implementing strict margin system, so that market participants only face the risk of price fluctuation and do not bear credit risk; Forward contract transactions not only have price risks, but also face credit risks. Therefore, buyers and sellers should generally stipulate the compensation clause for breach of contract according to the credit status of the other party in order to reduce the credit risk. However, even if a forward contract is signed and measures such as down payment and third-party guarantee are taken, breach of contract and breach of contract still occur from time to time.