Innova Financial Solutions: Derivatives Expert

Forwards

This module consists of very general and flexible functions to calculate the cash flows, present values, theoretical prices and term structure risks of generalized forward rate agreements, generalized money market forwards, foreign exchange forwards and plain forwards.

A forward contract is an obligation to make delivery (a short position) or accept delivery (a long position) of a specific underlying instrument at a place and future date - terms which are specified by the contract. A futures contract is a standardized forward contract that is exchange traded with daily regulations of profits and losses. A forward is traded Over The Counter (OTC) i.e. through a broker.

11.1 Introduction

Summary -- Context -- This Opens the Package

11.2 Objects

Forward -- Future -- MoneyMarketForward
ForwardRateAgreement -- ForeignExchangeForward

11.3 Term Structures

termstructure1 -- termstructure2 -- termstructure3

11.4 Forward

Non-Calendar Time

PresentValue