Current Delivery

DEFINITION of 'Current Delivery'

A type of futures contract that requires the delivery of the underlying commodity in the current or following month before other futures contracts of the same commodity with other delivery dates.

BREAKING DOWN 'Current Delivery'

Multiple futures contracts delivering the same underlying commodity will have various months for delivery. A contract described as "current delivery" is the futures contract with the nearest delivery date.

Also referred to as "nearby delivery."

RELATED TERMS
  1. Delivery Price

    The financial value of the conveyance of the underlying commodities ...
  2. Physical Delivery

    Term in an options or futures contract which requires the actual ...
  3. Delivery Month

    A key characteristic of a futures contract that designates when ...
  4. Approved Delivery Facility

    A facility authorized by an exchange to be used as a location ...
  5. Delivery Point

    In futures contracts, the delivery point is the place where the ...
  6. Last Trading Day

    The final day that a futures contract may trade or be closed ...
Related Articles
  1. Trading

    The Difference Between Forwards and Futures

    Both forward and futures contracts allow investors to buy or sell an asset at a specific time and price.
  2. Markets

    Boeing Q2 Deliveries Show Weakness Lies Ahead

    Boeing's defense deliveries are down by almost 20% and commercial shipments remain flat, foreshadowing weakness ahead.
  3. Investing

    Why Is Amazon Trying to Become a UPS?

    According to reports, Amazon is developing its own logistics system. Why?
  4. Personal Finance

    How Amazon's Restaurant Delivery Service Makes Money (AMZN)

    Amazon's delivery service acts as a loss leader to corner the market now before providing high margin revenue in the future.
  5. Trading

    Futures Fundamentals: Introduction

    A futures contract is a type of derivative instrument, or financial contract, in which two parties agree to transact a set of financial instruments or physical commodities for future delivery ...
  6. Markets

    Can a Starbucks Delivery Service Actually Succeed? (SBUX, DPZ)

    StarbucksĀ (NASDAQ: SBUX) is going vertical. This week, it launched its much-anticipated delivery service with a test run beginning in New York's Empire State Building. Although it's a modest ...
  7. ETFs & Mutual Funds

    Introduction To Currency Futures

    The forex market is not the only way for investors and traders to participate in foreign exchange.
  8. Insights

    Introducing the New Starship Technologies Delivery Robot

    A self-driving delivery robot designed by the co-founders of Skype is revolutionizing the way goods are shipped and delivered by eliminating inefficiency.
  9. Investing

    Options on Futures

    Options on futures contracts offer another way for day traders to use options. These are traded on the same exchange as the underlying futures contract. Traders should take care to understand ...
  10. Trading

    Intermediate Guide To E-Mini Futures Contracts - Rollover Dates And Expiration

    A contract month is the month in which a futures contract expires. All of the e-mini stock index futures contracts trade on the March quarterly expiration cycle (March, June, September and December). ...
RELATED FAQS
  1. Why do futures' prices converge upon spot prices during the delivery month?

    It's a fairly safe bet that as the delivery month of a futures contract approaches, the future's price will generally inch ... Read Answer >>
  2. What does it mean to take delivery of a derivative contract?

    Find out more about derivative contracts and what it means when the holders of derivative contracts take delivery of the ... Read Answer >>
  3. How are commodity spot prices different than futures prices?

    Find out more about commodity spot and futures prices, how to calculate a commodity's futures price, and the differences ... Read Answer >>
  4. What are some securities that have spot rates?

    Learn about the types of assets that have spot rates, and understand how the spot rate is used to determine the fair market ... Read Answer >>
  5. What's the best way to play backwardation in the futures market?

    Backwardation is a market condition in which a futures contract far from its delivery date is trading at a lower price than ... Read Answer >>
  6. What types of items can you buy futures for?

    Learn what items futures may be purchased for, what a futures contract is and discover how the futures markets have greatly ... Read Answer >>
Hot Definitions
  1. Glass-Steagall Act

    An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment ...
  2. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  3. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  4. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  5. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  6. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
Trading Center