Suppose that the futures contract has a range of possible de…

Suppose that the futures contract has a range of possible delivery dates in the delivery month. For example, potential delivery dates for the corn futures contracts traded at the CME group can be any business day prior to the 15th of the delivery month. For this type of contract, who determines the specific day when delivery will take place?

Which of the following terms refers to the risk that the oth…

Which of the following terms refers to the risk that the other party to a futures or forward contract will fail to carry out his or her end of the deal? This question may have more than one correct answer. You must select all that are correct in order to earn full credit.