Forwards versus Futures Table
Contract Terms - Forwards
Contract Terms - Futures
Delivery
Trading Method
Margin
Futures Margin Calculation
Counterparty Risk
Fowards versus Futures Table
Cash Flow - Forwards
Cash Flow - Futures
Completed table

Forward and futures markets have both developed over time. For some needs, futures markets have replaced forward markets.

For other needs both markets are complementary and in some cases forward markets are still more important than futures markets. This makes it important to understand the difference between forward and futures trading.