Exchange Against Actual

(redirected from Against Actuals)

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 ?
We are successfully using spend plans to capture and report spending against actuals for USARCENT fund centers and staff sections.