An actual physical commodity someone is buying or selling, e g , soybeans, corn, gold, silver, Treasury bonds, etc Also referred to as actuals Add-on Method: A method of paying interest where the interest is added onto the principal at maturity or interest payment dates Arbitrage: The simultaneous purchase and sale of similar commodities in different markets to take advantage of price discrepancy Assign: To make an option seller perform his obligation to assume a short futures position (as a seller of a call option) or a long futures position (as a seller of a put option) At-the-Money Option: An option with a strike price that is equal, or approximately equal, to the current market price of the underlying futures contract back to top
The physical or cash commodity, as distinguished from commodity futures contracts Afloat - Commodities in harbor or in transit in vessels Aggregation - The policy under which all futures positions owned or controlled by one trader or a group of traders are combined to determine reporting status and speculative limit compliance Amortize - An artificial method of allocating over the life of the instrument, income received or given up at maturity Arbitrage - The simultaneous purchase and sale of identical or equivalent financial instruments or commodity futures in order to benefit from a discrepancy in their price relationship
Reports will include the appropriate actual balance columns, depending upon the fund type
The physical or cash commodity, as distinguished from a commodity futures contract Also see Cash and Spot Commodity
Debt securities, currencies, physical commodities and equity securities (versus derivatives)
Physical cash commodities as opposed to futures contracts [NYMEX] Refers to debt securities, currencies, physical commodities and equity securities (versus derivatives) [TMAC] The physical commodity underlying a futures contract Cash commodity, physical [Harvey] The physical or cash commodity, as distinguished from a commodity futures contract [CFTC] physical or cash commodities, as distinguished from commodity futures contracts [OTS]
Realized income or realized expenses Budgeted, or committed income, or expenses are not actuals Example: The payment of an invoice would be an actual expense A manual reserve would not
numbers that relate to something that has actually happened, rather than what was expected to happen
A physical commodity that, when traded, results in the delivery of the actual commodity to the buyer when the contract expires When actuals are traded, most options and futures contracts are closed out before the contracts expire Thus, these transaction tend not to end in the actual delivery of the commodity Examples of actuals are commodities such as oil and gold
The physical commodities underlying a futures contract Cash commodity, physical asset
The physical or cash commodity, as distinguished from a commodity futures contract The goods or financial instruments underlying a futures contract Also see Cash and Spot Commodity