These contracts are private agreements between two parties, so they are not traded on a stock exchange. Due to the nature of the contract, they are not as rigid in their terms and conditions. A futures contract is an agreement between a buyer and a seller to trade an asset at a future date. The price of the asset is set when the contract is designed. Futures contracts have a settlement date – they are all charged at the end of the contract. 8. Any time limit laid down in these Rules of Procedure may be amended by mutual agreement between the Contracting Parties. At the request of a Party, the arbitration panel may modify the time limits of the proceedings. The time limits set out in these Rules of Procedure shall be adapted to the specific time limits for the adoption of an arbitration panel decision under the procedures provided for in Articles 54 to 57 of the Agreement.
arbitration panel: a specific panel established under Article 50 of the Agreement; Among the main differences between the act and the agreements are: (3)At its next annual meeting, the EPA Committee will adopt a decision establishing the rules of procedure for the settlement of disputes and the code of conduct for arbitrators. 2.In Article 9 of these Rules of Procedure, arbitrators and wanted persons shall participate in the oral proceedings. . . .