Doria Sierra, CarlosContreras, Yudis VanesaBerrocal Espitia, José2021-09-142021-09-142021-09-14https://repositorio.unicordoba.edu.co/handle/ucordoba/4472The Colombian capital market has become an increasingly deep, dynamic, diversified and inclusive scenario, whose importance for economic development is increasingly notable; Currently, there are a considerable number of securities and financial instruments in Colombia that seek to satisfy the needs of investors and offer companies efficient and innovative alternatives for obtaining capital. One of these instruments are the Forwards contracts that arise in response to the needs to cover the risks associated with the volatility of the exchange rate and reduce vulnerability when facing the international market; And taking into account that society attends a market that is in constant dynamism and interdependence, an increasing number of companies operate in the international arena, which is why this type of operation has become one of the most desired mechanisms. by economic agents in Colombia and have shown enormous evolution in recent years. Taking these considerations into account, this monographic work analyzes the behavior of the Forward contract market in Colombia during the period 2018 - 2019 based on the purchases and sales made, in order to identify trends, behaviors, weaknesses, strengths, as well as your growth opportunities. To comply with the proposal, three chapters were developed, the first of them describes the theoretical and conceptual characteristics of the Forward contracts, typology, participants and their origin in the Colombian market; The second chapter shows the behavior of said contracts during the periods indicated, highlighting the volumes traded, the sectors with the highest participation, the periods of greatest adoption and the number of operations; Finally, a comparative analysis of the evolution of the market is carried out during the period between 2018 and 2019.Resumen..................................................................................61 Introducción....................................................................................92 Objetivos ......................................................................................... 122.1 Objetivo general .......................................................................... 122.2 Objetivos especificos.............................................................. 12Capitulo I ................................................................................................... 133 Características Conceptuales de los Contratos Forwards ................................. 133.1 Mercado de Derivados ................................................................ 133.2 Funciones de los Derivados ......................................... 143.3 Contrato Forward .............................................................................. 153.3.1 Origen de los Contratos Forward en Colombia ......................................... 173.3.2 Participantes ............................................................................... 203.3.3 Tipos de Contrato Forward ................................................. 21Capitulo II ................................................................................................. 234 Comportamiento de los Contratos Forward en Colombia durante los Periodos 2018 y 2019 ................................................................................................ 234.1 Mercado de Forward 2018 .................................................. 244.2 Mercado de Forward 2019 ...................................................... 29Capítulo III ............................................................................................... 345 Análisis Comparativo del Mercado Forwards 2018-2019 ............................... 346 Conclusiones ..................................................................................... 427 Bibliografía .......................................................................................... 44application/pdfspaCopyright Universidad de Córdoba, 2021Trabajo de grado - Pregradoinfo:eu-repo/semantics/openAccessAtribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)Mercado de capitalesDerivadosOver The CounterForwardCoberturaEconomíaCapital marketderivativesOver The counterForwardCoverageEconomy