22. Trading has to be done with the same broker who executed the original deal.
23.
24. Forwards/Future ContractIn Dubai Market Premium + 40% of the underlying stock value Market Maker Buyer X Gives the share to KSE KSE If there is loss & the buyer refuses to pay the 60% then the shares go back to the market maker.
25. Futures Similar to Forward Contracts The basic difference is Forwards are traded after market hours (i.e. 12:45 to 1:15) while Futures are traded during market hours(i.e. 9:30 to 12:15)
26. Forward Contract In Indian Market Long Position Short Position Buyer Mr. X Seller Mr. Y Exchange an Asset In Future @ Today’s Pre-agreed price at a particular period. If there is a loss of seller, he can cancel the agreement & Vice Versa. Hence, there is no obligation in this particular contract .