=====Valuing Material in CATS (Mark to Market)=====

====Valuation Types====
  * **Automatic** - Use the Arrival Month to Futures Table to get an exchange position month and year for this contract item. Pull the differential from the Grade code table if applicable. 
  * **Position** - Enter the exchange position month and year to use for valuation on this contract item. No differential.  
  * **Currency +diff+ position** - Enter the currency, differential amount, and exchange position month and year. 
  * **Allocated differentials** - For a sale, use the differential from the allocated purchase. Should be used in conjuction with the Deferred P&L feature. 
  * **Fixed valuation** - Enter the specific price you want CATS to use for the valuation of this item.

====Examples of a Contract====
Here are examples of a contract valued at different types of valuations.