{"component": "definition", "props": {"groups": [{"snippet": "means standardized contracts entered into on domestic or foreign exchanges which call for the future delivery of specified quantities of various assets such as stocks, bonds, agricultural commodities, industrial commodities, currencies, financial instruments, energy products or metals at a specified time and place. The terms and conditions of futures contracts of a particular commodity are standardized and as such, are not subject to any negotiation between the buyer and seller. The contractual obligations, depending upon whether one is a buyer or a seller, may be satisfied either by taking or making, as the case may be, physical delivery of an approved grade of commodity or by making an offsetting sale or purchase of an equivalent but opposite futures contract on the same exchange prior to the designated date of delivery. The difference between the price at which the futures contract is sold or purchased and the price paid for brokerage commissions, constitutes the profit or loss to the trader. In market terminology, a trader who purchases a futures contract is \u201clong\u201d in the market and a trader who sells a futures contract is \u201cshort\u201d in the market. Before a trader closes out his or her long or short position by an offsetting sale or purchase, his or her outstanding contracts are known as \u201copen trades\u201d or \u201copen positions\u201d. The aggregate amount of open long or short positions held by traders in a particular contract is referred to as the \u201copen interest\u201d in such contract;", "size": 22, "samples": [{"hash": "56YA134aoVt", "uri": "https://www.globalx.ca/wp-content/uploads/2024/12/TRI-Plus-Renewal-Prospectus-EN-and-Amendment.pdf", "label": "Amendment", "score": 23.4177474976, "published": false}, {"hash": "gObO3hS2IrN", "uri": "https://www.globalx.ca/wp-content/uploads/2025/01/TRI-Prospectus-Amendment-CARB-HRAA-Termination.pdf", "label": "www.globalx.ca", "score": 18.4461994171, "published": false}, {"hash": "edTK6oMZzTq", "uri": "https://www.globalx.ca/wp-content/uploads/2024/09/TRI-Plus-Renewal-Prospectus-EN.pdf", "label": "www.globalx.ca", "score": 18.3039360046, "published": false}], "snippet_links": [{"key": "entered-into", "type": "clause", "offset": [29, 41]}, {"key": "delivery-of", "type": "clause", "offset": [101, 112]}, {"key": "agricultural-commodities", "type": "definition", "offset": [175, 199]}, {"key": "industrial-commodities", "type": "definition", "offset": [201, 223]}, {"key": "financial-instruments", "type": "clause", "offset": [237, 258]}, {"key": "energy-products", "type": "clause", "offset": [260, 275]}, {"key": "time-and-place", "type": "clause", "offset": [301, 315]}, {"key": "terms-and-conditions-of", "type": "clause", "offset": [321, 344]}, {"key": "subject-to", "type": "definition", "offset": [427, 437]}, {"key": "buyer-and-seller", "type": "clause", "offset": [466, 482]}, {"key": "contractual-obligations", "type": "definition", "offset": [488, 511]}, {"key": "the-case", "type": "definition", "offset": [612, 620]}, {"key": "physical-delivery", "type": "definition", "offset": [629, 646]}, {"key": "approved-grade", "type": "definition", "offset": [653, 667]}, {"key": "purchase-of", "type": "clause", "offset": [716, 727]}, {"key": "date-of-delivery", "type": "clause", "offset": [817, 833]}, {"key": "the-price", "type": "clause", "offset": [858, 867]}, {"key": "brokerage-commissions", "type": "definition", "offset": [942, 963]}, {"key": "loss-to", "type": "clause", "offset": [991, 998]}, {"key": "market-terminology", "type": "clause", "offset": [1014, 1032]}, {"key": "the-market", "type": "clause", "offset": [1089, 1099]}, {"key": "outstanding-contracts", "type": "clause", "offset": [1275, 1296]}, {"key": "open-positions", "type": "definition", "offset": [1328, 1342]}, {"key": "aggregate-amount", "type": "definition", "offset": [1349, 1365]}, {"key": "long-or-short-positions", "type": "clause", "offset": [1374, 1397]}, {"key": "open-interest", "type": "definition", "offset": [1462, 1475]}], "hash": "5c6134e9645927655685badefb5c8e6e", "id": 1}, {"snippet": "contracts for making or taking delivery of Eligible Commodities that are traded on a market-recognized commodity exchange, which such contracts meet the specification and delivery requirements of futures contracts on such commodity exchange.", "size": 12, "samples": [{"hash": "6VHrTxafV3O", "uri": "/contracts/6VHrTxafV3O#futures-contracts", "label": "Credit Agreement (Sprague Resources LP)", "score": 29.3846683502, "published": true}, {"hash": "gEa5nMalTYX", "uri": "/contracts/gEa5nMalTYX#futures-contracts", "label": "Credit Agreement (Sprague Resources LP)", "score": 27.1902809143, "published": true}, {"hash": "iKv8VK3l5Oo", "uri": "/contracts/iKv8VK3l5Oo#futures-contracts", "label": "Credit Agreement (Sprague Resources LP)", "score": 25.9445590973, "published": true}], "snippet_links": [{"key": "contracts-for", "type": "clause", "offset": [0, 13]}, {"key": "delivery-of", "type": "clause", "offset": [31, 42]}, {"key": "eligible-commodities", "type": "definition", "offset": [43, 63]}, {"key": "commodity-exchange", "type": "clause", "offset": [103, 121]}, {"key": "the-specification", "type": "clause", "offset": [149, 166]}, {"key": "delivery-requirements", "type": "clause", "offset": [171, 192]}], "hash": "96a7c625529e2c54d2c6369d0a60b71b", "id": 2}, {"snippet": "means: (1) all instruments: (A) the trading of which is within the jurisdiction of CFTC (assuming for this purpose that the instruments were traded in the United States regardless of where they are actually traded), (B) which are regulated by the CFTC as futures contracts (assuming for this purpose that such instruments were traded in the United States regardless of where they are actually traded), and (C) which any CME Entity has the authority to trade under its articles, by\u2011laws, and rules; and (2) those instruments which, as of September 24, 1997, meet all of the requirements specified in clause (1) of this Subsection (w) but subsequent to September 24, 1997 fail to meet the requirements of clause (1)(A) of this Subsection (r) solely because another U.S. regulatory authority (in addition to, or in substitution of, the CFTC) is given regulatory jurisdiction over such instruments.", "size": 6, "samples": [{"hash": "3BAc2jIMroW", "uri": "/contracts/3BAc2jIMroW#futures-contracts", "label": "License Agreement (Cme Group Inc.)", "score": 23.6009578705, "published": true}, {"hash": "4Wf9Ootn5mj", "uri": "https://investor.cmegroup.com/static-files/e62494b7-86a5-4100-bd9d-b244fe50c9f3", "label": "investor.cmegroup.com", "score": 9.9637231827, "published": false}], "snippet_links": [{"key": "all-instruments", "type": "clause", "offset": [11, 26]}, {"key": "the-instruments", "type": "clause", "offset": [120, 135]}, {"key": "in-the-united-states", "type": "clause", "offset": [148, 168]}, {"key": "authority-to-trade", "type": "clause", "offset": [439, 457]}, {"key": "and-rules", "type": "clause", "offset": [487, 496]}, {"key": "the-requirements", "type": "clause", "offset": [569, 585]}, {"key": "in-clause", "type": "clause", "offset": [596, 605]}, {"key": "this-subsection", "type": "definition", "offset": [613, 628]}, {"key": "regulatory-authority", "type": "definition", "offset": [768, 788]}, {"key": "in-addition-to", "type": "clause", "offset": [790, 804]}, {"key": "regulatory-jurisdiction", "type": "clause", "offset": [848, 871]}], "hash": "30cee67af7fb6ed0144ecdb859807173", "id": 3}, {"snippet": "means contracts (including contracts which are not traded on-exchange and which are not readily realisable investments) on and for physical commodities, currencies, mortgage-backed securities, money market instruments, obligations of and guaranteed by the governments of sovereign nations, and any other financial instruments, securities, stock, financial, and economic indices, and items which are now, or may hereafter be, the subject of futures contract trading, futures contracts, options on futures contracts and physical commodities, cash and forward contracts, foreign exchange commitments, deferred delivery contracts, leverage contracts, and other commodity related contracts, agreements and transactions (including contingent liability transactions), and \u2018Futures Contract\u2019 shall be construed accordingly.", "size": 5, "samples": [{"hash": "b8VJZk4LJs2", "uri": "https://doc.morningstar.com/Document/9b181f5b8ec130bc87bd22a30dbae9bf.msdoc/?key=31a0f020286d95dafaaee22ff1e4fc525bfe850aab1d4c441f3bc33b47b0edc3", "label": "doc.morningstar.com", "score": 18.2255897522, "published": false}, {"hash": "artp7wEBC4D", "uri": "https://www.kgi.com.hk/FundSMART/man%20ahl%20diversified%20futures%20limited%20prospectus_en.pdf", "label": "www.kgi.com.hk", "score": 11.0369606018, "published": false}, {"hash": "aq4qjQHyS0m", "uri": "https://doc.morningstar.com/Document/9d508b836f2f693384cef9fa252952b1.msdoc/?key=31a0f020286d95dafaaee22ff1e4fc525bfe850aab1d4c441f3bc33b47b0edc3", "label": "doc.morningstar.com", "score": 10.997262001, "published": false}], "snippet_links": [{"key": "physical-commodities", "type": "definition", "offset": [131, 151]}, {"key": "money-market-instruments", "type": "definition", "offset": [193, 217]}, {"key": "obligations-of", "type": "clause", "offset": [219, 233]}, {"key": "guaranteed-by", "type": "clause", "offset": [238, 251]}, {"key": "other-financial-instruments", "type": "definition", "offset": [298, 325]}, {"key": "subject-of", "type": "clause", "offset": [429, 439]}, {"key": "options-on-futures", "type": "definition", "offset": [485, 503]}, {"key": "forward-contracts", "type": "clause", "offset": [549, 566]}, {"key": "exchange-commitments", "type": "clause", "offset": [576, 596]}, {"key": "deferred-delivery", "type": "clause", "offset": [598, 615]}, {"key": "related-contracts", "type": "clause", "offset": [667, 684]}, {"key": "agreements-and-transactions", "type": "clause", "offset": [686, 713]}, {"key": "contingent-liability-transactions", "type": "clause", "offset": [725, 758]}], "hash": "577996ee98ec0ea219085d107ae8463e", "id": 4}, {"snippet": "A futures contract is a contract between two parties where both parties agree to buy and sell a particular asset of specific quantity, at a predetermined price and at a specified date in future. Note that all contracts on our Trading Platform are for \u201cContracts for Difference\u201d (CFD\u2019s) which are cash settled. The \"Sell\" And \"Buy\" rates of CFD\u2019s offered on our platform are derived from the price of the futures contract.", "size": 5, "samples": [{"hash": "3xIXrNCVbVe", "uri": "/contracts/3xIXrNCVbVe#futures-contracts", "label": "User Agreement", "score": 25.4503765106, "published": true}], "snippet_links": [{"key": "futures-contract", "type": "definition", "offset": [2, 18]}, {"key": "agree-to", "type": "clause", "offset": [72, 80]}, {"key": "buy-and-sell", "type": "clause", "offset": [81, 93]}, {"key": "specific-quantity", "type": "definition", "offset": [116, 133]}, {"key": "specified-date", "type": "definition", "offset": [169, 183]}, {"key": "all-contracts", "type": "clause", "offset": [205, 218]}, {"key": "trading-platform", "type": "clause", "offset": [226, 242]}, {"key": "contracts-for-difference", "type": "definition", "offset": [252, 276]}, {"key": "rates-of", "type": "clause", "offset": [331, 339]}, {"key": "our-platform", "type": "clause", "offset": [357, 369]}, {"key": "price-of-the", "type": "clause", "offset": [391, 403]}], "hash": "51b439bcf212c7c9552b2a2680081bb5", "id": 5}, {"snippet": "means any futures contract which is traded on any Futures Exchanges.", "size": 3, "samples": [{"hash": "aCujP5mk1nO", "uri": "https://www.chinaamc.com.hk/wp-content/uploads/chinaamc/resources/E-%5BClean%5DChinaAMC-Hang-Seng-Biotech-ETF-Prospectus-EN.pdf", "label": "www.chinaamc.com.hk", "score": 19.7582302094, "published": false}, {"hash": "5dfCNWLQghs", "uri": "https://www.chinaamc.com.hk/wp-content/uploads/chinaamc/resources/E%20-%20ChinaAMC%20Hang%20Seng%20TECH%20Index%20ETF%20-%20Prospectus%20-%20EN%20(19%20Jan%202024).pdf", "label": "www.chinaamc.com.hk", "score": 12.0184803009, "published": false}, {"hash": "fjMSfaExVdh", "uri": "https://www.chinaamc.com.hk/wp-content/uploads/chinaamc/resources/E%20-%20ChinaAMC%20Hang%20Seng%20Hong%20Kong%20Biotech%20Index%20ETF%20-%20Prospectus%20-%20EN%20(19%20Jan%202024).pdf", "label": "www.chinaamc.com.hk", "score": 12.0184803009, "published": false}], "snippet_links": [{"key": "futures-contract", "type": "definition", "offset": [10, 26]}, {"key": "futures-exchanges", "type": "definition", "offset": [50, 67]}], "hash": "9cada819ca9ccd43a1c525d39f94a34b", "id": 6}, {"snippet": "means a contract executed on any commodity ,futures or options Exchange or any over the counter Transaction in connection with any such Futures Contract, the effect of which is that: \u300c\u671f\u8ca8\u5408\u7d04\u300d\u6307\u5728\u4efb\u4f55\u5546\u54c1\u3001\u671f\u8ca8\u6216\u671f\u6b0a\u4ea4\u6613\u6240\u8a02\u7acb\u7684\u5408\u7d04\uff0c\u6216\u8005\u8207\u6b64\u985e\u671f\u8ca8\u5408\u7d04\u76f8\u95dc\u7684\u5834\u5916\u4ea4\u6613\uff0c\u4e26\u6309\u4ee5\u4e0b\u60c5\u6cc1\u8996\u70ba\u6709\u6548\uff1a", "size": 3, "samples": [{"hash": "dIKCf6pPGjw", "uri": "/contracts/dIKCf6pPGjw#futures-contracts", "label": "Client Agreement", "score": 26.6098556519, "published": true}, {"hash": "4osfnF5toRM", "uri": "/contracts/4osfnF5toRM#futures-contracts", "label": "Client Agreement", "score": 26.508556366, "published": true}], "snippet_links": [{"key": "executed-on", "type": "clause", "offset": [17, 28]}, {"key": "futures-or-options-exchange", "type": "definition", "offset": [44, 71]}, {"key": "in-connection-with", "type": "clause", "offset": [108, 126]}, {"key": "futures-contract", "type": "definition", "offset": [136, 152]}, {"key": "effect-of", "type": "definition", "offset": [158, 167]}], "hash": "b97de4113d41f91fa6efcbf71b17f723", "id": 7}, {"snippet": "means all instruments: (i) the listing and/or trading of which is within (or would have been within, with respect to new product formats) the exclusive regulatory jurisdiction of the Commodity Futures Trading Commission (\u201cCFTC\u201d) as of the Effective Date (assuming for this purpose that the instruments were traded in the United States regardless of where they actually are traded); (ii) that are (or would have been) regulated by the CFTC as futures contracts as of the Effective Date (assuming for this purpose that the instruments were traded in the United States regardless of where they actually are traded); and (iii) that CME has or will have the authority under its articles, by-laws, and rules to list and/or trade. For the avoidance of doubt, the parties agree that \u201cFutures Contracts\u201d as used in this Agreement shall not include (x) unlisted or unregistered instruments or (y) underwritten or privately placed instruments.", "size": 2, "samples": [{"hash": "j69ogpqXqBB", "uri": "/contracts/j69ogpqXqBB#futures-contracts", "label": "Agreement for Nasdaq 100 Index\u00ae and Nasdaq Composite Index\u00ae Futures Products (Chicago Mercantile Exchange Holdings Inc)", "score": 21.0, "published": true}, {"hash": "lRCgMoVqkoO", "uri": "http://investor.cmegroup.com/static-files/71acc4b8-8eb0-49e3-9baf-7ebc43786169", "label": "investor.cmegroup.com", "score": 5.8405203819, "published": false}], "snippet_links": [{"key": "all-instruments", "type": "clause", "offset": [6, 21]}, {"key": "with-respect-to", "type": "clause", "offset": [101, 116]}, {"key": "new-product", "type": "definition", "offset": [117, 128]}, {"key": "regulatory-jurisdiction", "type": "clause", "offset": [152, 175]}, {"key": "commodity-futures-trading-commission", "type": "definition", "offset": [183, 219]}, {"key": "as-of-the-effective-date", "type": "clause", "offset": [229, 253]}, {"key": "the-instruments", "type": "clause", "offset": [286, 301]}, {"key": "in-the-united-states", "type": "clause", "offset": [314, 334]}, {"key": "the-authority", "type": "clause", "offset": [649, 662]}, {"key": "and-rules", "type": "clause", "offset": [692, 701]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [724, 750]}, {"key": "the-parties-agree-that", "type": "clause", "offset": [752, 774]}, {"key": "used-in-this-agreement", "type": "clause", "offset": [798, 820]}], "hash": "87fd5a036c7e7adbfb9b0260caacae10", "id": 8}, {"snippet": "has the meaning given in Schedule 1 to the SFO.", "size": 2, "samples": [{"hash": "i7dBfVCvV8e", "uri": "/contracts/i7dBfVCvV8e#futures-contracts", "label": "Client Agreement", "score": 34.20468377, "published": true}, {"hash": "8GsVz0CQZZ5", "uri": "/contracts/8GsVz0CQZZ5#futures-contracts", "label": "Client Agreement", "score": 31.8906860352, "published": true}], "snippet_links": [{"key": "schedule-1", "type": "definition", "offset": [25, 35]}], "hash": "c89c10d7e318a35cc7afb9526e5c0133", "id": 9}, {"snippet": "means a contract made under the rules or conventions of a futures market as defined in the SFO and any other interests, rights or property as may be determined by BOCOM from time to time;", "size": 2, "samples": [{"hash": "aPHFtTq8TXF", "uri": "/contracts/aPHFtTq8TXF#futures-contracts", "label": "Securities Trading Client Agreement", "score": 24.7152633667, "published": true}, {"hash": "l1sX9so6dWw", "uri": "http://www.bocomgroup.com/BankCommSite/upload/infos/201704/11/82638/20170411135456_Clients%20Agreements%20and%20Risk%20Disclosure%20Statements.pdf", "label": "www.bocomgroup.com", "score": 6.0609173775, "published": false}], "snippet_links": [{"key": "the-rules", "type": "clause", "offset": [28, 37]}, {"key": "other-interests", "type": "clause", "offset": [103, 118]}, {"key": "from-time-to-time", "type": "clause", "offset": [169, 186]}], "hash": "8dd9e52b6d3372cc5ac45603dede6d78", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIaZnV0dXJlcy1jb250cmFjdHMjMDAwMDAwMGEMogECZW4YACAA", "definition": {"title": "Futures Contracts", "snippet": "means standardized contracts entered into on domestic or foreign exchanges which call for the future delivery of specified quantities of various assets such as stocks, bonds, agricultural commodities, industrial commodities, currencies, financial instruments, energy products or metals at a specified time and place. The terms and conditions of futures contracts of a particular commodity are standardized and as such, are not subject to any negotiation between the buyer and seller. The contractual obligations, depending upon whether one is a buyer or a seller, may be satisfied either by taking or making, as the case may be, physical delivery of an approved grade of commodity or by making an offsetting sale or purchase of an equivalent but opposite futures contract on the same exchange prior to the designated date of delivery. The difference between the price at which the futures contract is sold or purchased and the price paid for brokerage commissions, constitutes the profit or loss to the trader. In market terminology, a trader who purchases a futures contract is \u201clong\u201d in the market and a trader who sells a futures contract is \u201cshort\u201d in the market. Before a trader closes out his or her long or short position by an offsetting sale or purchase, his or her outstanding contracts are known as \u201copen trades\u201d or \u201copen positions\u201d. The aggregate amount of open long or short positions held by traders in a particular contract is referred to as the \u201copen interest\u201d in such contract;", "size": 84, "id": "futures-contracts", "examples": ["If the option is on a futures contract, the purchaser will acquire a futures position with the associated liabilities for the Margin (see the section on <strong>Futures Contracts</strong> above).", "If the option is on a futures contract, the seller will acquire a position in a Futures Contract with associated liabilities for Margin (see the section on <strong>Futures Contracts</strong> above)."], "related": [["futures-contract", "Futures Contract", "Futures Contract"], ["financial-futures-contract", "Financial Futures Contract", "Financial Futures Contract"], ["futures-contract-option", "Futures Contract Option", "Futures Contract Option"], ["hedging-contracts", "Hedging Contracts", "Hedging Contracts"], ["stock-index-futures-contract", "Stock Index Futures Contract", "Stock Index Futures Contract"]], "related_snippets": [], "updated": "2025-07-17T06:20:50+00:00"}, "json": true, "cursor": ""}}