Exchange Against Actual

(redirected from Against Actual)

Exchange Against Actual

A transaction where an investor trades a cash position on a commodity for a futures contract on the same commodity. An exchange against actuals is useful when two investors have offsetting, hedged positions they wish to close. An exchange against actuals is also called an exchange against physicals or an exchange versus cash.
References in periodicals archive ?
When the "free press" dedicated itself to remove from office our legitimately elected president, using slander and vicious lies, and turned on the very citizenry that it was constitutionally entrusted to protect against actual government abuse, it has indeed betrayed the public trust and has turned itself into "the enemy of the people." Period.
The local traders/exporters, however instead of making shipments against actual transaction value in term of commercial invoices issued by manufactures, generate their own manipulated commercial invoices wherein the transaction value of the product, shipped either to M/s SM Foods Multan their other sister concern or any associate importer is (mis)declared as $0.7/kg to $0.8/kg photocopies of manipulated invoices generated by local traders concealing therein actual transaction value are enclosed,' Mr Javed stated.
'The amount of excise taxes payable by the mining companies had yet to be verified/computed against actual payments and corresponding assessment made by the BIR officers concerned, in accordance with the BIR rules and regulations,' the decision said.
On Wednesday, the Bureau clarified that under Customs Commissioner Rey Leonardo Guerrero, the Customs Internal Audit Service "has already taken positive steps to address the issue, not only in compliance to the Commission on Audit suggestion but most importantly, to fix the bureau's records and to reconcile its Property Plant and Equipment listing against actual inventory, among others."
It focused on the motivations and reasons people visit Liverpool, the main influences, overall visitor satisfaction and expectations against actual visit experience, and spend.
To recall, Sui companies were allowed to retrospectively adjust their UFG benchmark to 7.1% for FY13-17 against actual allowed UFG of 6.73%, 6.91%, 7.08%, 7.14%, and 7.11% during said years.
PRINCE William has joined the real-life James Bonds of MI6 - witnessing top-secret live spying missions against actual terrorists.
The artist's work takes a conscious stand against actual events which she visually renders in a purely personal language.
City Hall says the water required daily is 700,000 cubic metres against actual supply of 525,600 cubic metres.
He was terrible in his last two contests against actual competition, posting passer ratings of 19.1 and 75.9 in losses to Chicago and Philadelphia.
The trend of budgetary allocation to MDoNER in the last few years reflects an increase of 51% allocation in BE 2018-19 compared against actual of 2015-16.
'If we're talking about accuracy, private analysts' forecasts had an average absolute variance [does not matter if difference against actual is - or +] of 0.23 percent from actual inflation data versus 0.31 percent for the DOF.