Despite the fact that forward contracts carry more credit risk than futures contracts, forward contracts offer what primary advantage over futures contracts?
Select one:
a. terms and conditions are tailored to the specific needs of the two parties involved
b. the over-the-counter forward market is a highly regulated market
c. all of the answer choices
d. conditions of the forward contract, such as delivery date and location, cannot be altered
e. forward contracts prevent the writer from assuming the credit risk of the buyer