| 单词 | exchange for physical |
| 释义 | exchange for physical 1) Exchanging a futures contract in a currency or commodity for an immediate (spot) delivery of that currency or commodity. This can occur if the holder of the futures contract needs the currency or commodity before the futures contract calls for delivery, or if market differentials make the exchange profitable. 2) In cash-settled contracts, an agreement between parties to deliver the underlying. |
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