Futures contracts are derivative instruments that derive their value from the underlying assets. Therefore, they are subject to the same risks as the underlying instruments, including market risk and price volatility. Statement I is correct. Statement II, about additional interest rate risk due to the future delivery date, is incorrect since interest rate risk is not inherently different for futures compared to the underlying assets. Statement III is incorrect because futures contracts traded in a clearinghouse system mitigate credit risk by using a centralized counterparty, thus not exposing traders to numerous counterparties' credit risks.