https://www.taxtmi.com/article/detailed?id=13589 A forward contract is a bilateral OTC agreement to buy or sell an asset at a predetermined price for future delivery, characterized by customization of terms, potential physical or cash settlement at maturity, lack of daily margining or mark-to-market, and significant counterparty risk. Types include FX, commodity, and interest rate forwards used for hedging, speculation, and arbitrage. Regulatory treatment varies by asset and jurisdiction: foreign exchange forwards are governed by foreign exchange law and central bank oversight in India, commodity forwards fall under the consolidated commodity derivatives regulatory framework, and certain OTC forwards in other jurisdictions are subject to reporting, risk mitigation, and clearing obligations. en-us Wed, 19 Feb 2025 10:29:36 +0530 Wed, 19 Feb 2025 10:29:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13589 A forward contract is a bilateral OTC agreement to buy or sell an asset at a predetermined price for future delivery, characterized by customization of terms, potential physical or cash settlement at maturity, lack of daily margining or mark-to-market, and significant counterparty risk. Types include FX, commodity, and interest rate forwards used for hedging, speculation, and arbitrage. Regulatory treatment varies by asset and jurisdiction: foreign exchange forwards are governed by foreign exchange law and central bank oversight in India, commodity forwards fall under the consolidated commodity derivatives regulatory framework, and certain OTC forwards in other jurisdictions are subject to reporting, risk mitigation, and clearing obligations. Articles FEMA - Foreign Exchange Management Wed, 19 Feb 2025 10:29:36 +0530 https://www.taxtmi.com/article/detailed?id=13589