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What does Actuals mean?

A physical commodity underlying a contract. This can be a commodity such as gold and oil or a financial instrument such as shares and bonds. Actuals are traded on the futures market for delivery at the completion of the contract.

Futures Knowledge Explains Actuals

In the futures market, two parties enter into an exchange-traded contract.  The contracting parties agree for delivery of actuals, a set quantity and quality of the underlying commodity at pre-decided price on a specified date. An Actual is not a future contract. It is the underlying physical commodity.

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