Glossary

Updated 1 April 2019

This glossary offers definitions of technical terms commonly used in the BIS Quarterly Review.

The glossary is also available as a PDF file in ChineseFrench, German, Italian and Spanish.

forward contract

Contract between two parties for the delayed delivery of financial instruments or commodities in which the buyer agrees to purchase and the seller agrees to deliver, on an agreed future date, a specified instrument or commodity at an agreed price or
yield. Forward contracts are generally not traded on organised exchanges, and their contractual terms are not standardised.

Updated: 11 Dec 2016
forward contract

Contract between two parties for the delayed delivery of financial instruments or commodities in which the buyer agrees to purchase and the seller agrees to deliver, on an agreed future date, a specified instrument or commodity at an agreed price or
yield. Forward contracts are generally not traded on organised exchanges, and their contractual terms are not standardised.

Updated: 11 Dec 2016