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Lecture 3 – Using Futures Contracts
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Lecture 3 – Using Futures Contracts

FINC3012 - Derivative Securities

9 Pages Partial Study Notes Year: Pre-2018

Lecture 3 – Using Futures Contracts Types of Futures Hedges: • Short hedge • Long hedge • Cross hedge Long Futures Hedge: • Appropriate when you know you will purchase an asset in the future and want to lock in the price Short Futures Hedge: • Appropriate when you know you will sell an asset in the future and want to lock in the price Arguments in Favour of Hedging: • Companies should focus on the main business they are in and take steps to minimize risks arising from interest rates, exchange rates, and other market variables Arguments Against Hedging:

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