Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,899,088,212 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Nearby Futures Contract

    0.01 sec.
Nearby futures contract
When several futures contracts are considered, the contract with the closest settlement date is called the nearby futures contract. The next (or the "next out") futures contract is the one that settles just after the nearby futures contract. The contract farthest away in time from settlement is called the most distant futures contract.

Nearby Month
Among several different futures contracts or options, describing the one with the shortest maturity. For example, given three futures contracts, one expiring in March, one in June, and one in September, the nearby month contract is the one expiring in March. It is also called the spot month. See also: Most distant futures contract.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
New York: The New York Mercantile Exchange's benchmark, the West Texas Intermediate light sweet crude nearby futures contract, continued to decline even as Brent sweet and Gulf heavy sours gained last week.
The purchasing manager (Figure 2- A) has arranged for particular items to be priced on a cost-plus formula from the nearby futures price for each raw commodity, where the nearby futures contract is the futures contract month closest to expiration.
And therefore, the March delivery month nearby futures contract for West Texas Intermediate light sweet on the New York Mercantile Exchange, after reaching $43.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.