Sun. May 9th, 2021
Forward, Free TON House, Wiki

Forward is a fixed-term contract, similar to a futures contract. It is concluded between two parties, where one party is the seller and the other is the buyer. 

According to the forward, the seller undertakes to deliver, and the buyer to buy back a certain amount of assets at the end of the agreed period for a price that depends on the value of the underlying asset at the time the parties fulfill their obligations.

Unlike futures, forward is an over-the-counter (OTC) derivative, which allows the parties to the transaction to form their own terms of the contract.