Generally, a standardized contract between two or more parties to perform or refrain from performing a service – such as the delivery of a certain quantity of crude oil. However, the contract is still empty, meaning that no delivery has yet been made. Often, such contracts are sold to third parties. – See absorption phase, option, forward speculator.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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