Definition: Forward

Category: European System of Accounts (ESA)

Financial contract under which two parties agree to exchange a specified quantity of an underlying asset at an agreed price (the strike price) on a specified date. http://ec.europa.eu/eurostat/product?code=KS-02-13-269&mode=view European Union, Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union, Official Journal of the European Union No L 174, 26.06.2013, p. 1 - 727