Nearby futures contract

Nearby futures contract
When several futures contracts are considered, the contract with the closest settlement date is called the nearby futures contract. The next 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. The New York Times Financial Glossary

Financial and business terms. 2012.

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  • 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… …   Financial and business terms

  • Next futures contract — The contract settling immediately after the nearby futures contract. The New York Times Financial Glossary …   Financial and business terms

  • next futures contract — The contract settling immediately after the nearby futures contract. Bloomberg Financial Dictionary …   Financial and business terms

  • Most distant futures contract — When several futures contracts are considered, the contract settling last. Related: nearby futures contract …   Financial and business terms

  • most distant futures contract — When several futures contracts are considered, the contract settling last. Related: nearby futures contract …   Financial and business terms

  • DME Oman Crude Oil Futures Contract — Launched by the Dubai Mercantile Exchange (DME) on 1 June 2007, the DME Oman Crude Oil Futures Contract (OQD) is the Asian crude oil pricing benchmark. The contract is traded on the CME Group’s electronic platform CME Globex, and cleared through… …   Wikipedia

  • nearby — The futures contract month with the earliest delivery period. The CENTER ONLINE Futures Glossary The nearest active trading month of a financial or commodity futures market. Related: deferred futures. Bloomberg Financial Dictionary The nearest… …   Financial and business terms

  • nearby (delivery) month — The futures contract month closest to expiration. Also referred to as spot month. Chicago Board of Trade glossary …   Financial and business terms

  • Near-month contract for energy futures —   The near month contract, a term used in energy futures and options trading and other transactions, is the active contract with the shortest time to maturity. It is the contract that will expire first (often, but not always, within the next… …   Energy terms

  • basis — The difference between the current cash price and the futures price of the same commodity. Unless otherwise specified, the price of the nearby futures contract month is generally used to calculate the basis. Chicago Board of Trade glossary The… …   Financial and business terms

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