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."

  1. Actuals

    The physical commodity that underlies a futures contract or is ...
  2. Expiration Date (Derivatives)

    The last day that an options or futures contract is valid. When ...
  3. Futures Contract

    A contractual agreement, generally made on the trading floor ...
  4. Cash Commodity

    In futures trading, the cash commodity is delivered for payments. ...
  5. Underlying

    1. In derivatives, the security that must be delivered when a ...
  6. Backpricing

    A pricing method used in specific futures contracts whereby the ...
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