Cash for futures means that both parties holding the same delivery month contract reach a spot transaction agreement through negotiation, settle their future positions at the agreed price, and exchange a considerable amount of currency and commodities at the same time.

Generally speaking, cash conversion is to turn futures trading into spot trading.

Specifically, both parties to the transaction have contracts in the same delivery month, and both parties have reached an agreement on spot trading, through which futures can be converted into spot. Specifically, the common method of spot cash is that the two parties who sign the agreement apply to the exchange, and after being approved by the exchange, the spot exchange is carried out according to the closing price agreed by both parties. In the process of delivery, the quantity and type of exchange shall be determined according to the contract.