wide basis

Wide Basis

A situation in which there is a large difference in the spot price and the futures price for a commodity. This occurs when investors expect there to be a large shift in supply or demand between the present time and when the commodity is delivered under the futures contract. A wide basis should narrow as a futures contract comes closer to maturity; when this does not occur, arbitrage opportunities arise.

wide basis

A market condition in which there is a relatively large difference between a spot price and futures prices for the same type of contract. Compare narrow basis.
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References in periodicals archive ?
Lahore -- In order to promote transparency, merit and fair play within the Company, 37 employees have been transferred out from their existing departments on a Company wide basis.
We need to start thinking on a proper Wales wide basis. A proper strategic dual carriageway from north to south is desperately needed to get away from the series of local distributor sub standard roads we have at present.
Ms Jenkins told AMs that the registration of the description had been taken on a UK wide basis although the party chose to use the slogan in Wales only.
Thamer has taken up his position assuming full responsibility for the entire commercial banking business in Sabb on a kingdom wide basis. Thamer started his banking career with Sabb in 1996 under the Junior Officer Development Programme, and has served the bank in various managerial roles in corporate banking, credit & risk, and as head of commercial banking.
Following the rebuild, the machine will be able to run at a 2000 meters/minute, up from 1600 meters/minute, producing 2870mm reels in a wide basis weight range.
Over time, risk managers in other industries have developed different methods to apply economic capital in their risk management programs to address risk on an enterprise wide basis.
My concern is not only that the alcohol may be made from genetically altered grains, but also commercial grain growers spray that herbicides and pesticides on a wide basis. This is where the raw material for grain alcohol often comes from.
There is currently no evidence to indicate the presence of avian influenza in Wales and the veterinary risk does not warrant placing compulsory controls on a country wide basis. The finding of avian influenza is in wild birds, not poultry or captive birds, and following veterinary advice I do not consider it is proportionate to declare statutory controls in Wales.
"People in some areas wanted a lower materiality standard, for example, but we must consider costs and benefits on an enterprise wide basis."
GOLF: Gordon Sherry has become touring professional for Loch Lomond Golf Club and will promote the course on a world- wide basis.
The Scottish and Welsh Governments have written jointly to the UK Health Secretary urging him to take action and introduce mandatory fortification of flour with folic acid on a UK wide basis.
It is encouraging that the public is enthusiastic and wants to be involved in the project, which is now to be on a city- wide basis."

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