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International accounting standards: what are forward contracts?_http://24ivalue.com

International accounting standards: what are forward contracts?

Publication date: 2014-02-02 12:35:20

Forward contracts represent financial instruments derivatives group, so these instruments, which are usually marked with a nominal amount. Derivative is not, however, requires from the holder or issuer to invest or acceptance of this amount at the time of concluding the contract. A characteristic feature of derivatives is that their value depends on the value of the underlying instrument.


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