Glossary
- Fair value
- FBF
- Fee schedule of the stock exchange
- Filing
- Fill or kill
- Final withholding tax
- Financial futures transaction
- First price
- First Quotation Board
- Fixed-price offering system
- Fixing
- Flat-price
- Float
- Floating Rate Notes
- Floor (warrants)
- Floor trading
- Foreign bond
- Foreign exchange
- Forward
- Forward transaction
- Free float
- Freiverkehr (Regulated Unofficial Market)
- Freiverkehrsausschuss (Admissions Committee for the Unofficial Market)
- Front-Running
- Full disclosure
- Fund
- Fund management
- Fund of funds
- Fundamental analysis
- Fungibility
- Future
Forward transaction
With a futures contract, the trade, i.e., the delivery of payment for goods, is finalised at a predetermined time in the future. (In comparison, in a spot (or cash) transaction, payment and delivery take place close to the time of the contract’s close.)
This type of trade is possible with all types of goods, e.g. with securities, interest, currencies, metals and agricultural products. Commodity futures (physical goods such as wheat, metals) and financial futures (e.g. share options) are differentiated on the markets.
The most important characteristic of derivative transactions comes from the fact that the deal is a “floating transaction”, in balance-sheet terms, until the actual date of the deal, because neither buyer nor seller must uphold their end of the deal until the maturity date.
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