Exchange Against Actual

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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 ?
8670 per unit in January against actual power generation cost of Rs6.
Under the practice in vogue, the distribution companies are charging significantly higher estimated fuel rate to power consumers which is later adjusted against actual cost in a subsequent month with the approval of the power regulator.
The modeling predictions are then tested against actual data collected from hydrodynamic tests conducted at the Nevada National Security Site.
Gaborone City Council (GCC) clerk, Mr Mpho Mathe says the budgetary provisions made under legal advice is a necessary contingency measure that facilitates the council to both defend itself and institute actions against actual or potential violators of its rights.
It's great that Saudi authorities are declaring that they want to take on the scourge of corruption, but the right way to do that is through diligent judicial investigations against actual wrongdoing, not sensationalistic mass arrests to a luxury hotel," Whitson said.
We were organizing against actual neo-Nazis that reside in our community, people we actually know," Mejia said.
We validate the reference prices provided by manufacturers, vendors and sellers against actual prices recently found across Amazon and other retailers.
The same components of dengue virus have been inactivated, and can then simulate an actual infection to produce an antibody that will grow, and protect you against actual dengue virus infection,' says Solante.
The virtualized environment eliminates the need to code against actual hardware.
The apex court directed to take action against actual accused and also directed to take action against Tariq Bajwa, Shahid Jatoi and Tanveer Akhtar Malik for not unveiling facts before the court.
KYC2020 will detect any hits and the client would simply log to the system and verify the hits against actual results and false positives.
In fact, disparate impact will have predictable, negative consequences for all Americans who will experience a less competitive and more expensive market for housing and credit -- all without providing any meaningful support for the fight against actual discrimination.