Could anyone please clarify this,in plain English: ''Trading is conducted for delivery during the current calendar month; the next two calendar months; any February, April, August, and October falling within a 23-month period; and any June and December falling within a 60-month period beginning with the current month.'' Link: http://www.opf.com.my/futures-produ.../contract-specifications-for-gold-futures-gc/ Thanks in advance
Assume we are in Feb... Trading is conducted for delivery during the current calendar month and the next 2 calendar months - This means there will be February, March and April 2013 futures contracts Any February April, August and October falling within a 23 month period - This means contracts for Feb, April, Aug and Oct 2013 and 2014 (The next contract, Feb 2015 would fall outside the 23 month period) Any June and December within a 60 month period - This means there are contracts for June and Dec 2013, 2014, 2015, 2016 and 2017 All the contracts mentioned above combined make up the futures curve of the contract.