==Why should a convenience yield exist?== Consequently, the convenience yield is inversely related to inventory levels. ...
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http://en.wikipedia.org/wiki/Convenience_yield
The extra advantage that firms derive from holding the commodity rather than the future.
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http://www.encyclo.co.uk/local/20047
The corporate manager responsible for the firm's accounting activities.
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http://www.encyclo.co.uk/local/22402
Is the assumed or expected benefit of holding a long position in a physical commodity. Othen this holding is to satisfy existing near-term delivery commitments or to maintain uninterrupted manufacturing processes. It highlights the marginal value of an inventory relative to the anticipated usage. High convenience yields tend to occur in inverted or...
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http://www.oasismanagement.com/glossary/
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