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Financial advisory
RES5Financial Advisory Services✓The principal risk that most distinguishes a FORWARD from an exchange-traded future is:
A forward's main distinguishing risk is that the other party may default before settlement; central clearing and margining largely remove this for futures, whose key risk is instead meeting margin calls.
Attaching futures' margin-call risk to the forward instead of counterparty default risk.
Practise more CM-SIP Derivatives — Futures & Forwards questions
Exam-style questions with worked answers, then full timed mocks. Free to start.
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Start practising →Original study material mapped to the public CMFAS CM-SIP syllabus. Unofficial, not endorsed by MAS or IBF. Verify figures and rules against current guidance before relying on them.