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VALUE CONTRACT. >>A value contract is a legal agreement with a customer that contains the materials and services that the customer receives within a specified time period, and for a value up to a specified target value. A value contract can contain certain materials or a group of materials (product hierarchy, assortment module).
A forward contract is a customized contract between two parties to buy or sell an asset at a specified price on a future date. How To Lock In An Exchange Rate Currency risk can be effectively hedged by locking in an exchange rate through the use of currency futures, forwards, options, or exchange-traded funds.