1. Futures correspond to spot prices and are derived from spot prices;
2. Futures are not loans, but tradable standardized forward contracts based on a certain bulk product or financial asset.
3. A futures contract is a standardized contract formulated by a futures exchange that stipulates the delivery of a certain amount of subject matter at a specific time and place in the future;
4. The winning subject matter of a futures contract can be either a physical commodity, a financial product or a related product;
5. Futures contracts whose subject matter is physical commodities are called commodity futures, and futures contracts whose subject matter is financial products are called financial futures;