An agreement to buy or sell an asset or cash equivalent at a date in the future at a price agreed today. The contracts are traded on a futures market.

Franking credits

A franking credit is a type of tax credit which transfers taxes paid on corporate profits by the company back to the shareholder with the dividend payment. It eliminates the double taxation of dividends and acts as a prepayment of tax for tax-payers whose personal tax-rate is above the company tax-rate and may be refunded […]