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Showing results for tags 'currency future'.
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My understanding is that a currency future is a futures contract to exchange one currency for another at a specified date in the future at a price (exchange rate) that is fixed on the purchase date. Can anyone give me, or point me where I could find, the actual wording/language of a real currency future contract? Assuming that the contract actually matures, what actually happens at maturity? Where does one have to submit payment for the "foreign" currency, and how is that "foreign" currency delivered? How quick is that delivery?