Current Delivery

(redirected from Nearby Delivery)

Current Delivery

Among several different futures contracts, the one with the shortest maturity. For example, given three futures contracts, one expiring in March, one in June, and one in September, the current deliver is the one expiring in March. It is also called the nearby deliver. See also: Most distant futures contract.
Mentioned in ?
References in periodicals archive ?
Backwardation is the industry vernacular for the condition whereby prices for nearby delivery are higher than prices for future-month delivery.
Backwardation means the cash or nearby delivery price of a commodity has risen above the price for forward delivery, which is usually higher.
24, but not as much as the nearby delivery month, an indication that those trading for delivery two years and more in the future did not share last week in the nearby traders' strong optimism that all will be well in the world now.
All 28 lanes were reserved for Britney's party and they ordered 20 pizzas from a nearby delivery shop.
He stressed that all the staff at the Royal Mail sorting office at Watford and the nearby delivery offices had received their proper wages.
For Nymex and DME the back oil contracts continued to be higher than the nearby delivery months, indicating that the belief still exists for increasing oil demand in the coming years.
Contango is the condition whereby prices for nearby delivery are lower than prices for future-month delivery.
Contango is the industry vernacular for the condition whereby prices for nearby delivery are lower than prices for future-month delivery.