Convergence

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Convergence

The movement of the price of a futures contract toward the price of the underlying cash commodity. At the start, the contract price is usually higher because of time value. But as the contract nears expiration, and time value decreases, the futures price and the cash price converge. More generally, convergence trading involves taking two related assets that have different prices with the expectation that prices will converge (the cheaper asset is purchased and the more expensive is sold short).

Convergence

The fact that the futures price and the spot price for a given asset approach one another as a futures contract on that asset approaches maturity. At maturity, the two prices should be equal. The existence of convergence is the basis for the theory that forward rates equal future spot rates, though this idea is more controversial.

convergence

The process by which the futures price and the cash price of an underlying asset approach one another as delivery date nears. The futures and cash prices should be equal on the delivery date.
References in periodicals archive ?
To correct the parallelism, you must either begin both phrases with a gerund or begin both with an infinitive.
Based on the above reflections, the present study aims to address two specific questions: 1) is parallelism prominent enough to be regarded as a defining feature of Woolfs writing style in To the Lighthouse?
Proponents of massive parallelism can expect push-back from multiple sources D sometimes from unexpected individuals--as they work to introduce hybrid computing and new threading models, wean programmers from cache coherent SMP programming, and ultimately "rock the boat" at some very fundamental levels throughout an organization.
The continuous increase in the level of implemented parallelism has been one of the dominant trends in microprocessor architectures in recent years.
According to Rycroft and Ngcobo (1988: 78), parallelism is "a device whereby the poet brings together, in a balanced relationship, ideas and images that may seem independent of one another.
Such difference, in comparison to the parallelism technique, certifies that variation of angulation can have an influence on the identification of apexes.
Generally, the methods of increasing parallelism for a DRAM tester have differed from those for a flash tester.
If we want to measure the parallelism of one side (we'll say the bottom) to the other side (the top), we can rest the bottom on a surface plate and compare one plane (or axis) to the other.
While the cluster approach can be an extremely expensive way to scale, parallelism is certainly the key to scalability.
For EFL learners to accomplish the goals of self-expression and writer--reader interaction, they need to conform to the norms and structures of English sentences, paragraphs, and essays; parallelism is a well-recognized norm that English discourse tends to conform to.
TotalView is designed for such environments, particularly when parallelism is employed and in situations where developers are taking applications from 32-bit systems to larger, faster 64-bit systems such as those based on the Itanium 2 processor.