=====Futures Position and Product Setup=====
{{entry>0;Exchange Product;-}}{{entry>0;Exchange Position;-}}{{entry>0;Futures Table;-}}{{entry>0;Valuation;-}}
Before you can begin using trade and hedge features of CATS, you will need to create exchange products and set up monthly prices for each exchange, exchange product, and month on the exchange.
You can also use multiple currencies in the system. To begin using currencies, you must first add the currency as an exchange product and an exchange, then you can enter a default currency rate to be used. To see wiki on setting up currencies [[cats:procedures:currencies|click here]]. 

====Exchange====

To create an exchange, go to **Exchange Trades > Exchange**.\\

[{{:cats:procedures:futures:exchangetrades_exchangemenu.png?|Exchange Trade Menu}}]

To add an exchange, go to **Add** on top menu.\\ 
[{{:cats:procedures:futures:exchange_addexchange.png?|Add on top menu to add exchange}}]

Add exchange code and **Apply**.\\ 
[{{:cats:procedures:futures:exchange_addexchangemtl.png?|Add an exchange code}}]

Add in the description, currency, etc. and then **Apply** to complete adding the exchange. \\
[{{:cats:procedures:futures:exchange_exchangemtlreview.png?|Continue to add in the exchange}}]

When finished, the edit review screen will appear. Select **Exit** to go back to the list of exchanges.\\
[{{:cats:procedures:futures:exchange_exchangeadded.png?|Review exchange}}]

====Exchange Product====
To add an exchange product, go to **Exchange Trades > Exchange Product**.
[{{:cats:procedures:futures:exchangetrades_exchangeproductmenu.png?|Exchange Product Menu}}]

Select **Add** from the top menu, to add the exchange product.\\

[{{:cats:procedures:futures:exchangeproduct_addnew.png?|Add Exchange Product}}]

Add in the exchange product, and then **Apply** to continue. 

[{{:cats:procedures:futures:exchangeproduct_addproduct.png?|Add in product code}}]

Complete adding the exchange product on this screen. Press **Apply** to continue.

[{{:cats:procedures:futures:exchangeproduct_reviewproduct.png?|Review futures exchange products}}]

When finished, the edit review screen will appear. Select **Exit** to go back to the list of exchanges.\\

[{{:cats:procedures:futures:exchangeproduct_reviewproductdadded.png?|Review the product}}]

====Positions on the Exchange====

Once the exchange product is added, you can go in to add the position and prices. Go to **Exchange Trades > Positions on the Exchange**.\\

[{{:cats:procedures:futures:exchangetrades_positionsontheexchange.png?|Position on Exchange Menu}}]

Select **Add** from the top menu to add the future position.\\ 

[{{:cats:procedures:futures:exchangetrades_addpositiononexchange.png?|Add Position on Exchange}}]
Add the futures position and then select **Apply**.\\ 

[{{:cats:procedures:futures:exchangetrades_addfuturesposition.png?|Add Futures Position}}]

Next add the price and then select **Apply**.\\ 

[{{:cats:procedures:futures:exchangetrades_reviewpositionandvalues.png?|}}]

Once you have added the information, a review screen will show. Select **Exit** to return to the list of exchanges.\\ 

[{{:cats:procedures:futures:exchangetrades_positionsontheexchangeadded.png?|Review Position on the 
Exchange}}]

<note important>After changing futures prices, you should run the Exdock Price/Market value recalculation.</note>

====Arrival Month to Futures Table====

The Arrival Month to Futures Table, also called Valuation, will show you the shipment/arrival date and the futures date. When you look at a contract purchase item, you will see a shipment position and the valuation position.\\

[{{:cats:procedures:futures:exchangetrades_shipmentposition.png?|Shipment Position}}]

[{{:cats:procedures:futures:exchangetrades_valuation.png?|Valuation}}]

To view or edit the futures table, go to **Exchange Trades > Arrival Month to Futures Table**.  

[{{:cats:procedures:futures:exchangetrades_arrivalmonthtofutures.png?|Arrival Month to Futures Table}}]

The shipment/arrival dates and futures dates will show on this screen.\\ 

[{{:cats:procedures:futures:exchangetrades_shipmenttofuturestable.png?|Review Arrival Month to Futures Table}}]

Select **Tools**, to delete old records or move ahead one year.\\ 
[{{:cats:procedures:futures:exchangetrades_futurestabletools.png?|}}]

  * Delete Old Records will delete everything before the current month.
  * Move Ahead One Year will add all the same records for the next year.
If you choose to move forward an exchange ahead one year, you will have to say **Yes**.\\ 

[{{:cats:procedures:futures:exchangetrades_futurestablemoveaheadoneyr.png?|Move Ahead One Year}}]

Select **Exit** to return to the futures table. Select **Exit** again to return to the main menu.\\ 

{{tag>"exchange product" "exchange position" "futures table" "valuation"}}