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Hedging with Forwards and Futures
內容大綱
This technical note expands on the previous note, "Forwards and Futures" (UV1045), which introduced the basics of forward and futures contracts. It begins with examples where the hedging was one-for-one and the maturity of the futures contract exactly matched the timing of the transaction. Often times the hedging approach is not as clear as it is in those examples. This note covers hedging and more complex examples.