Definition: Futures contract
Balance of Payments, IMF
A futures contract is an agreement between two parties to exchange a real asset for a financial asset, or to exchange, on a specified date at predetermined rate, two financial assets. Traded financial futures, including those for interest rates, currencies, commodities, equities, or other indices, are recorded in the financial account in a similar manner to options.
International Monetary Fund (IMF), "Balance of Payments Manual" (BOP), § 407, Washington D.C., 1993