Can the maturity date of a derivative contract be extended or shortened?

Yes, the maturity date of a derivative contract can be extended or shortened by mutual agreement between the two parties involved in the contract. This can happen if there is a need to adjust the terms of the contract due to changes in market conditions or if the parties agree to modify the original agreement for other reasons. However, any changes to the maturity date would require the agreement of both parties and would need to be documented in a new contract or an amendment to the existing contract.