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Narrowing

• Is the movement towards convergence between the cash and futures market or the cash and forwards market. Here, the price or interest rate differentials are becoming smaller over time between the comparative delivery dates.

 
 Embedded terms in definition
 Cash
Convergence
Delivery
Futures market
Futures
Interest rate
Interest
Market
Time
 
 Referenced Terms
 Settlement date: The date on which trade is cleared by delivery of securities against funds. The settlement data may be the trade date or a later date.For stocks, payment must be made by the third business day after the purchase. This is the Settlement Date.Is the date of the financial satisfaction of a transaction. This satisfaction can include payment and delivery of securities. In recent years, there has been progress towards closing the gap between trade date and settlement date. Many back office systems are primarily focused on settlements whereas front office systems are primarily focused on trades or transactions. Here, too the gaps are Narrowing with the implementation of middle office software.The date on which payment is made to settle a trade. For stocks traded on US exchanges, settlement is currently 3 business days after the trade. For mutual funds, settlement usually occurs in the U.S.the day following the trade. In some regional markets, foreign shares may require months to settle.

 Spreading: In the futures market, buying one futures contract and selling a nearby one to profit from an anticipated Narrowing or widening of the spread over time.

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