=====Price-Fixing Letter=====
{{entry>0;Price-Fixing Letter;-}}
CATS can create a price-fixing letter when you fully or partially fix a contract item. 
The price-fixing letter is a confirmation of this fixation of trades and is designed to be sent to the counterparty. 
====Create a Price-Fixing Letter====
To create a price-fixing letter, navigate to a contract item that has a price-fixation trade on it, then select **Hedge/Fx > Prepare/Review Price-fixing letter.**
[{{:cats:procedures:contract:pricefixing_accessmenu.png?|Prepare a price fixing letter}}]


CATS will ask if you want to create a price fixing letter. Press **Yes** to proceed.
[{{:cats:procedures:contract:pricefixing_addpricefixltr.png?|CATS will ask if you want to create a letter}}]

<note>As of CATS 2411 you will no longer be prompted to confirm the creation of the price fixing letter.</note>
 
CATS displays a dialog reflecting the current price-fixing status of the contract item. You can specify whether the price-fixing letter is **Fully** or **Partially** fixed and even set the number of bags. Click "Apply" (F2) to create the letter.
[{{:cats:procedures:contract:pricefixing_createnewpricefixltr.png?|Specify partially or fully fixed}}]

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.
[{{:cats:procedures:contract:pricefixing_letter.png?|Price fixing letter}}]

If you attempt to create a price-fixing letter for an item that does not have lots fixed (or with a fixed price), you will get a warning that there are no lots to fix. 
[{{:cats:procedures:futures:pricefixing_totalunitstofixiszero.png|No Units to Fix Warning}}]

====Price Fixing Letter Menu====
Several options are available for you to use when working with price-fixing letters. 
[{{:cats:procedures:contract:pricefixing_lettermenu.png?|Price fixing letter menu}}]

**Edit** - Modify the language of the letter. Use this menu option to gain access to the text fields to modify the existing letter. 

**Prn** - Print the price fixing letter. As with other areas in CATS, you can choose the output from the menu.
\\ ++Click here to to display | {{:cats:procedures:printmenu_html_openinbrowser.png|Print Price-Fixing Letter}}++

**Sign** - Add a signature to the price fixing letter.\\ ++Click here to to display | {{:cats:procedures:contract:pricefixing_addsignature.png?|}}++

**Addr** - Select a different address from the Name & Address file. 
[[cats:procedures:accounting:multipleaddress|See the multiple address tool]]

**Review** - View a list of all the price fixing letters for this item.\\ ++Click here to to display | {{:cats:procedures:contract:pricefixing_review.png?|}}++

**Add** - Add another price fixing letter. You can create multiple price-fixing letters, if the fixation price changes or you want to show partial fixings on separate letters. 

**Del** - Delete the current price fixing letter.\\ ++Click here to to display | {{:cats:procedures:contract:pricefixing_delete.png?|}}++

Here is a sample print out of a price fixing letter.
[{{:cats:procedures:contract:pricefixing_letterprintout.png?|Print out of PF letter}}]
This concludes the tutorial on price fixing from the contract item screen. 

{{tag>"price fixing letter"}}