Using six commodities and four foreign currencies a comparison is made of the value of futures and forward contracts. Results indicate that the detected differences are attributable to the continual resettlement procedure embedded in futures contracts.
resettlement, value, bonds
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Park, Hun Y. and Chen, Andrew H., "Differences Between Futures and Forward Prices: An Empirical Investigation of the Marking-to-market Effects" (1983). Working Papers. 46.