1.   The big advantage of having a standardized contract is that it can be exchanged between counterparties very easily.

2.   It would also be difficult to establish a standardized contract because of the constantly changing state of technology.

3.   Many derivatives are standardized contracts, like the foreign currency contract described here.

4.   Such a derivative is a standardized contract that trades on regulated financial exchanges.

5.   The options traded on U.S. exchanges are standardized contracts that involve pre-set amounts of money and expiration dates.

6.   The task force also recommended standardized testing for judges, referees and ring physicians, and standardized contracts between boxers and managers that would disclose all financial arrangements.