Exchange of Futures for Cash

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Exchange of Futures for Cash

An agreement between two parties in which a buyer of a commodity exchanges futures contracts for the commodity. Either the buyer gives the seller a certain amount in long position futures or he/she receives from the seller an equivalent amount of short position futures. If there is a difference between the futures and the price of the commodity, it is settled in cash. This transaction is also known as an exchange for physicals.
References in periodicals archive ?
He calls on both EFP and Jubilee members to settle their differences maturely and focus on serving the electorate.
Auditors are supposed to act as gatekeepers to protect the integrity of our markets, but EFP Rotenberg and Bottini failed to live up to their professional obligations," David Glockner, director of the SEC's Chicago office, added in a recent statement.
Russia is another market that is growing at lightning speed, and last year EFP bowed WestWind, a showcase of 11 European films screened in Moscow.
He was very pleased with EFP initiative and hoped its Employer of the Year Award would play a catalytic role in promoting technical and vocational education and training (TVET) in Pakistan.
EFP is a B Corporation, or socially responsible enterprise, that serves as a matchmaker between Fortune 500 companies that want to buy sponsorships and school districts looking for supplemental funding.
This lens is compatible with all existing FUJINON EFP controllers, and full remote control via RS-232 is standard.
This phase Ib study is a single site, open-label dose-escalation study that is targeted to enroll 63 women between 21 and 60 years of age to assess the safety, effectiveness, and pharmacokinetics of XIAFLEX for the treatment of EFP.
22 November 2011 - Swiss telecom operator Swisscom (VTX:SCMN) said today its subsidiary Swisscom IT Services will acquire Swiss SAP specialists EFP Group and Cirrus Group for an undisclosed sum.
The road was closed for two hours to defuse two more EFP bombs at the same place," he added.
The EFP is a Luxembourg-based investment company created in 2003 with the double aim of promoting sustainable development of the private sector in ACP states and strengthening cooperation between eligible EDFI members and the EIB.
Bimba's EFP MultiPosition and EFQ MultiForce cylinders offer PTFE-impregnated, hard-anodized bodies and are interchangeable with other compact, extruded cylinders of the same bore size.
Debate remains about whether Iran's top leaders ordered the EFP supply, about whether the Iranian-supplied devices can be copied in Iraq and about US policy towards Tehran.