41. On Tuesday, the bank denied speculation that it faced RM3 billion losses in forex forward contracts . 42. Many of Stratton's new holdings were acquired through forward contracts that have not yet been concluded. 43. Faust bought forward contracts , the most common hedge. 44. He did not detail which banks had entered into forward contracts , at what maturity or level. 45. Under the terms of the deal, both sides agreed to resolve the forward contract issue separately. 46. It can also involve external hedging such as buying a forward contract to offset FX exposure. 47. Futures contracts and forward contracts are means of hedging against the risk of adverse market movements. 48. Hedgers are interested in reducing risk, and thus will accept losing money on their forward contracts . 49. However, futurescontracts provide more flexibility than typical forward contracts becausefutures contracts may be disposed of at anytime. 50. Harvard bought shares from other major shareholders through forward contracts that have not yet matured, Arbess said.