问题如下:
In contrast to a forward contract, a futures contract:
选项:
A. trades over-the-counter.
B. is initiated at a zero value.
C. is marked-to-market daily.
解释:
C is correct.
Futures contracts are marked-to-market on a daily basis. The accumulated gains and losses from the previous day’s trading session are deducted from the accounts of those holding losing positions and transferred to the accounts of those holding winning positions. Futures contracts trade on an exchange, forward contracts are over-the-counter transactions. Typically both forward and futures contracts are initiated at a zero value.
起初的value是0不对吗?