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Specification of Futures contract

Prof. Sagar Reddy Adavelli @ RK Business School

1Price Quote _____A multiplication factor used to convert a reported price-per-unit of a commodity to the contract price.
2Price Limit _____The contract in which the price moves up from the previous day's close by an amount equal to the daily price limit
3Position Limit _____The maximum position a trader is allowed to hold
4Notice of Intention to deliver _____An established amount in which a price may increase or decrease in any single trading day from the previous day's settlement price
5Limit Down _____A notice which indicates selections it has made with respect to the grade of asset that will be delivered and the delivery location
6Limit Up _____The maximum price move permitted by the exchange in a trading session
7Limit Move _____The contract in which the price moves down from the previous day's close by an amount equal to the daily price limit

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