Contract for Future Delivery Law and Legal Definition

According to 17 CFR 15.00 [Title 17 -- Commodity and Securities Exchanges; Chapter I -- Commodity Futures Trading Commission], contract for future delivery, means “any contract for the purchase or sale of any commodity for future delivery that is executed on or subject to the rules of a reporting market, including all agreements, contracts and transactions that are treated by a clearing organization as fungible with such contracts.”