CoachA cash-and-carry trade buys a commodity (or a near future) and sells a later future against it, financing and storing the commodity in between. A curve is at full carry when the later price exceeds the near one by exactly the cost of financing and storage, so that the trade earns nothing.
Quantitative Finance · Glossary
What is Cash-and-carry trade, full carry?
Also known as: cash-and-carry trade · full carry