Current Delivery

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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.
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According to the firm, the six- and 12-month forward versions of the S&P GSCI measure the S&P GSCI Spot, Excess Return, and Total Return indices based on the first nearby contract expiration included in the index moved six- and 12-months forward from the present date.
(2001) we find a sizeable jump (as compared to a gradual change) in volume from the nearby to the next-out contract on the redesignation date, while volatility in the nearby contract also rises the moment it loses its lead status.
Since the nearby contract accounts for 90.3 percent of the trading volume on all Canadian Dollar futures in term of the number of contracts traded in the CME on each day for our sample period, we focus on the nearby contract, rolling over to the next contract in the maturity month of the old contract on the day that the volume of the next contract exceeds that of the expiring contract.
Opening the year at 167.75 cents/lb., nearby contract prices declined to under 100.00 cents/lb.
But this failed to dampen price increases for West Texas Intermediate, the New York Mercantile Exchange's benchmark nearby contract.
Thus, expiration 1 is the nearby contract and is the single stock futures contract closest to expiry.
The InterCommodity Exchange's benchmark Brent nearby contract closed the week at $53.31 per barrel, little changed from last week's $54.06.
The InterCommodity Exchange's benchmark Brent nearby contract closed the week at $54.06, continuing a two-week trend of selling at a premium to either Dubai or New York benchmarks.
After flirting with the $40.00 (Dh146.8) a barrel mark for most of the week, the DME Oman benchmark crude futures nearby contract gained a solid $4.00 from its Tuesday low, to close the trading week at $44.39.
The New York natural gas nearby contract closed out the week slightly lower, at $5.54/ per million Btu.
Locally, the DME Oman benchmark crude nearby contract closed for the week.
After declining most of last week and hovering around $39-$40, the DME Oman benchmark crude nearby contract broke to the upside of $40 in after-hours trading.