The physical commodity that underlies a futures contract or is traded in the physical market. This is the homogeneous commodity that is the basis for trade, either through the physical market or a derivative contract such as oil, corn or gold.

Actuals are traded in either the physical market or the futures market. In the physical market, two parties enter into a private agreement to exchange the commodity for cash or another commodity, and delivery almost always occurs. In the futures market, two parties enter into an exchange-traded contract in which one party agrees to deliver a set quantity and quality of the underlying commodity while the other party agrees to purchase the commodity. In this case, delivery is not certain and parties can sell their positions before delivery.

Investment dictionary. . 2012.

Look at other dictionaries:

  • actuals — An actual physical commodity someone is buying or selling, e.g., soybeans, corn, gold, silver, Treasury bonds, etc. Also referred to as actuals. Chicago Board of Trade glossary The physical or cash commodity, which is different from a futures… …   Financial and business terms

  • actuals — ac|tu|als [ˈæktʃuəlz] n [plural] numbers that relate to something that has actually happened, rather than what was expected to happen ▪ Mobile phone operators had expected monthly usage of up to 250 minutes. Actuals are very different, at 100… …   Dictionary of contemporary English

  • actuals — / æktʃuəlz/ plural noun real figures ● These figures are the actuals for last year …   Dictionary of banking and finance

  • actuals — noun Term used in project management to describe things that have actually happened rather than just planned to happen …   Wiktionary

  • Actuals —   The physical financial instrument rather than a futures contract for that financial instrument …   International financial encyclopaedia

  • actuals — physicals 1) Commodities that can be purchased and used, rather than goods traded on a futures contract 2) Expenses or receipts that have actually occurred, as opposed to targets, budgets, or other projections …   Accounting dictionary

  • actuals — physicals Commodities that can be purchased and used, rather than goods traded on a futures contract In futures contracts or forward dealing, the commodity underlying a contract. Expenses or receipts that have actually occurred, as opposed to… …   Big dictionary of business and management

  • actuals — Fin earnings and expenses that have occurred rather than being only projected, or commodities that can be bought and used, as contrasted with commodities traded on a futures contract …   The ultimate business dictionary

  • against actuals — A transaction generally used by two hedgers who want to exchange futures for cash positions. Also referred to as exchange for physicals or versus cash . Chicago Board of Trade glossary The term used on the LIFFE commodity market for an exchange… …   Financial and business terms

  • against actuals — Fin relating to a trade between owners of futures contracts that allows both to reduce their positions to cash instead of commodities …   The ultimate business dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.