How do I change the contract valuation? [CATS Knowledge Base]

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=====How do I change the contract valuation?=====
CATS offers several options for valuing contracts against the exchange. 
To see the valuation on an individual contract item, review that item screen.\\ 
[{{:cats:questions:contracts:questions_changevaluation_valonitem.png|Valuation information on an item.}}]

To change the type of valuation on an individual contract item, select **Val** > **Edit** from the toolbar menu on the item screen.\\  
[{{:cats:questions:contracts:questions_changevaluation_selectvaledit.png|Select Val, then Edit from the item screen menu.}}]

====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.

For more detail and explanations of how to value material in CATS, please refer to the [[cats:analytics:valuation|in-depth wiki on Valuation]].