• 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.

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