Business and Personal Finance Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
- EXCHANGE FOR PHYSICALS
Is an ex-pit transaction whereby physical commodities or actual financial instruments are exchanged for futures contracts. This flexible technique is permitted for bona fide hedging transactions. This procedure allows for grades, quantities, locations, and delivery dates which are different than those stipulated for good delivery under the standard contract rules.Back