FUTURES OPERATIONS AND THEIR APPLICATION IN UZBEKISTAN

Abstract

Annotation: Futures - contracts for trading raw materials, gold, currency, securities at the current prices, but with delivery and payment postponed to the next agreed terms on commodity or stock exchanges. Until the execution of the contract, the buyer gives a smaller guarantee amount (zakat). In most cases, futures contracts are concluded not for the purpose of short-term purchase or sale of goods, but for the purpose of securing cash goods for future transactions or profiting from the subsequent resale of goods. Contracts for sale and purchase of samples of goods that have not yet been produced can also be called futures. Futures are resold and bought many times by brokers on exchanges until maturity.