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Quantitative Finance · Glossaire

Qu'est-ce que « Cash-and-carry trade, full carry » ?

Aussi appelé : cash-and-carry trade · full carry

Definition 10.2 Markets III: Commodities, Energy and Crypto · Chapitre 10 — Forward Curves, Storage and Convenience Yield

A 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.

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