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On the FFA/Option Trade form, you can capture the basic information of an FFA or an option. The Veson IMOS Platform captures four types of options: Buy and Sell of Call and Put Options.
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FFA contracts are valued against the quoted forward rates for the route underlying the trade. FFA Options are not being automatically valued against the underlying routes. Instead, you can create a Market for Freight Options in which the Option Symbols can be quoted. Each FFA Option contract will have a unique Option Symbol automatically generated. On the Market Data form, the quoted values of the trades can be recorded for each Option Symbol.
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The FFA/Option List includes all FFA/Option Trades that you have the right to view.
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You can select multiple Commodity/Options and confirm them at once by clicking the Confirm trade(s) link.
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Note: To edit FFA/Option Trades, you must have the Record Trades Module Right selected.
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Enter contract details.
The grid on the bottom of the form populates with the Periods, the Market Rates, the Date that the Market Rate is from (Source), and the P&L (Exposure). Exposure TabWhen you first enter a trade, periods in the future appear on the Exposure tab. Settlement TabAfter a particular period of the trade has matured and the settlement rate has become available, that period moves to the Settlement tab. The Trade must be refreshed for the periods to appear on the correct tab. To refresh, close the trade and reopen it. These conditions both need to be fulfilled for this to happen:
Months TabMonthly information appears on the Months tab. Linked Trades TabNote: Configuration flag CFGLinkedTradeTypes must be enabled. |
Bunker Exposure Tab
As a trader booking FFAs on either $/ton or World Scale routes, you can manage exposure to the bunkers that are taken into account by these routes. The Bunker Exposure tab enables you to capture bunker tons, bunker contract rate, and bunker market symbol, so that proper hedging can be completed against the contracts. This bunker exposure appears on the Trading P&L Summary and Trade Details list.
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