【FRM每日一题】一级：金融市场与产品
备考FRM一级 | 2015-08-11
Considering a company that uses derivatives to hedge foreign exchange risk, which of the choices below is the main advantage of futures contracts over forward contracts ？
A.Futures are less standardized
B.Futures usually have smaller notional amounts.
C.Futures have less credit risk due to “marking-to-market”.
D.Futures are typically available for longer maturities.
Answer: C
The mark-to-market feature of a futures contract requires each side to settle up every day, which reduces the credit risk of the transaction.
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