Investing Glossary Foreign Currency futures contract

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Investing Glossary: Foreign currency futures contract

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Term:

Foreign currency futures contract

Definition:

Standardized and easily transferable Obligation between two parties to Exchange currencies at a specified rate during a specified Delivery month; standardized Contract on specified Underlying currencies, in Multiples of standard amounts. Purchased and traded On a regulated exchange on which margins are posted.

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3/18/2010 - SV1