Definitions for "Forward Margin"
Keywords:  spot, variance, currency, future, par
The difference between the current (or spot) price and its projected future price ( forward rate).
The difference between the present price and estimated future price
The difference between the forward rate and the spot rate of a currency. The forward margin is either at a discount or a premium to the spot rate or, where the forward rate is the same as the spot rate, the margin is referred to as par (this is, zero).