Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
Forward contracts and futures contracts have similar functions and different features.
Forward contracts and futures contracts have similar functions and different features. Among those features are the fact that while forward contracts are closed out by specific performance, futures contracts are almost never closed out that way. Why not? Since the contracts are closed out in different ways, it is implied that the parties to these contracts have different goals. What types of entities get involved in each? How might their goals differ?