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cats:procedures:futures:pricefixing [2015/02/10 16:40] – amanda | cats:procedures:futures:pricefixing [2016/08/25 16:11] – jen | ||
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=====Price-fixing and Hedging from the Contract Item===== | =====Price-fixing and Hedging from the Contract Item===== | ||
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+ | {{entry> | ||
CATS uses a system of several different types of trades. You can manage all the operations for hedging and futures against a physical trade using the **Hedge/ | CATS uses a system of several different types of trades. You can manage all the operations for hedging and futures against a physical trade using the **Hedge/ | ||
+ | The currently open trades for an item are displayed next to the differential information. | ||
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===Liquidate a futures trade=== | ===Liquidate a futures trade=== | ||
- | Remove a futures trade from the position it currently occupies. | + | Remove a futures trade from the position it currently occupies. To see the full procedure on liquidating trades, review the tutorial on [[cats: |
===Recalculate price-fixing trades=== | ===Recalculate price-fixing trades=== | ||
Force CATS to recalculate the price-fixings on this item. Use this if the prices have changed. CATS will ask you to confirm changing the price. | Force CATS to recalculate the price-fixings on this item. Use this if the prices have changed. CATS will ask you to confirm changing the price. | ||
- | + | [{{: | |
===Move a trade forward=== | ===Move a trade forward=== | ||
- | Roll a hedge trade forward to another position month. | + | Roll a hedge trade forward to another position month. To see the full procedure on moving trades forward, review the tutorial on [[cats: |
===Execute trade=== | ===Execute trade=== | ||
- | Execute a Good-Til-Canceled (Open) trade, converting it into a hedge. | + | Execute a Good-Til-Canceled (Open) trade, converting it into a hedge. For more information on Hedges, see the wiki procedure on To see the full procedure on liquidating trades, review the tutorial on [[cats: |
===Prepare/ | ===Prepare/ | ||
- | Create or review the price fixing letter. | + | Create or review the price fixing letter. See the wiki on creating a [[cats: |
===Edit a futures trade=== | ===Edit a futures trade=== | ||
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- | When you have finished making changes, select **Apply** to proceed and save changes. | + | When you have finished making changes, select **Apply** to proceed and save changes. You can change the date, price, or note. |
+ | [{{: | ||
===Attach Physical to Futures Trade=== | ===Attach Physical to Futures Trade=== | ||
- | Select an unattached hedge to apply to this contract item. | + | Select an unattached hedge to apply to this contract item. This option is used to take a hedge entered under the Trade Data Entry/ |
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+ | You will be asked to confirm attaching. Select **Yes** to continue. | ||
+ | [{{: | ||
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+ | CATS will prompt you for a **Trade No** to look up the trade you want to attach. | ||
+ | [{{: | ||
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+ | If you do not know the number, a chooser will pop up with all unattached hedges. Select one from the list and pick **Continue** to proceed. | ||
+ | [{{: | ||
===Unattach Physical from Futures Trade=== | ===Unattach Physical from Futures Trade=== | ||
- | Disassociate a hedge from the current contract item. | + | Disassociate a hedge from the current contract item. This will simply return the hedge to the list of unattached trades and remove it from the item. |
+ | Select the hedge from the chooser list and pick **Continue**. | ||
+ | [{{: | ||
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+ | A summary of the procedure will be displayed. Select **Apply** to continue unattaching the trade. | ||
+ | [{{: | ||
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+ | The hedge will be removed from the item screen. | ||
===Delete a futures trade=== | ===Delete a futures trade=== | ||
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- | Select **Yes** to continue with deleting the trade of **No** to cancel. | + | Select **Yes** to continue with deleting the trade or **No** to cancel. |
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- | ====Price-Fixing Letter==== | + | |
- | To create or review a price-fixing letter, go to the contract item and select " | + | |
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- | CATS displays a dialog reflecting the current price fixing status of the contract item. You can specify whether the PF letter is Fully or Partially fixed, set the number of bags. Click " | + | |
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- | CATS will generate the price fixing letter. The language on the letter is automatically generated by CATS to match the information on the contract item. | + | |
- | Price Fixing Letter Menu | + | {{tag>" |
- | ● Edit edit the language of the letter | + | |
- | ● Prn print the price fixing | + | |
- | ● Addr select | + | |
- | ● Review view a list of all the price fixing letters for this item | + | |
- | ● Add add another price fixing letter | + | |
- | ● Del delete the current price fixing letter | + |