Forward customer returned checks to the Bexar County District. Attorney's Office for prosecution if not redeemed within ten (10) business days. 3.Recognize the final gain or loss on the forward contract. This Contract, made on August 1, 2017 is between the United States Department of Health and. A forward contract is a customized contract between two parties to buy or sell an asset at a specified price on a future date. Unapplied may be carried forward to any profit in the next subsequent SFY. Go to the Search menu and click on Contracts. Enter the contract number and or fill in the other parameters and click Search. A forward contract, often shortened to just "forward", is an agreement to buy or sell an asset at a specific price on a specified date in the future. The asset would also need to be assessed for indicators of impairment in accordance with IAS 36.