EX-PIT TRANSACTION - The closing out of a futures position off the exchange floor. Effected when two he...
EX-POST FACTO LAW - Latin for "after the fact." Article 1 of the U.S. Constitution prohibits convicting...
Ex-pit transaction
The purchase of commodities off the exchange's floor.
Ex post return
Related: Holding-period return ...
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.
An employee who is a U.S. citizen living and working in a foreign country.
Ex-pit transaction
The purchase of commodities off the exchange's floor.
Ex post return ...
the same office where no change in ownership is involved; (b) transferring existing trades from the books of one commission merchant to the books of another commission merchant where no change in ownership is involved. Also called Ex-Pit Transactions.
amount of short futures, at a price difference mutually agreed upon. In this way the opposite hedges in futures of both parties are closed out simultaneously. Also called EFP (Exchange for Physical), AA (Against Actuals) or Ex-Pit transactions.
ex-pit transaction A commodities transaction which occurs away from the floor of the exchange where they are normally traded.
 See also: Trade credit, Interest rate swap, Banks, Expense, Ex-Rights
  
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