Available Contract Types

A commodity forward agreed at a fixed contract price.

• The valuation reference is either a price series legitimately maintained by the user's organization or an authorized listed Future.
• The optional delivery period records contractual delivery, while the required payment date is used for discounting and as the terminal date when no delivery period is entered.

A commodity forward whose contract price is the settlement of a selected listed Future plus an optional fixed basis.

• Before the Future matures, valuation compares that indexed contract price with a selected physical price series.
• The exact Future settlement at maturity makes the contract price and P&L final.

A commodity swap exchanging a fixed price against the arithmetic average of a listed Future or a user-defined price series.

• An optional fixed differential can be included in the floating reference.
• All expected observations on open fixing days are required before the result becomes final at the end of the averaging period.

An OTC European call or put whose payoff references one exact listed Future.

• Quantity is entered freely in the commodity unit inherited from the Future.
• Before expiry, valuation uses Black-76 and listed-option volatility for that Future: exact when available, interpolated between expiries, or the nearest expiry as a disclosed proxy outside the available range.
• At expiry, final value uses the exact Future settlement.

An OTC call or put on the arithmetic average of commodity prices observed on open fixing days.

• The price source is a listed Future or a user-owned price series.
• Before the final fixing, a listed Future supplies implied volatility directly or as a disclosed proxy.
• At the averaging end date, all exact fixings make the P&L final.

A strip of daily calls or puts on the settlement of one selected listed Future.

• The total quantity is divided equally across open fixing days; each known daily payoff moves to realized P&L.
• An optional up/down and in/out barrier is observed on settlement, independently per fixing or cumulatively from its first touch.
• Remaining legs use listed-option volatility, and all modelling assumptions are disclosed.

An agreement to exchange two currencies at a fixed rate on a future date.

• Before maturity, valuation compares the contract rate with the market forward rate and applies discounting.
• At maturity, the exact FX rate makes the P&L final.

Two linked currency exchanges: a near leg and an opposite far leg.

• The contract specifies the near outright rate and the swap points for the far leg.
• Each leg becomes final on its contractual date; the far leg remains open after the near leg has been realized.

A USD-settled FX forward on a non-deliverable currency.

• The selected convention determines the currency pair, authorized forward curve, official fixing reference, and business calendar.
• Before fixing, valuation uses the forward rate; the exact official fixing makes the P&L final.

A call or put exercisable only on its expiry date.

• Before expiry, valuation uses FX forwards, discounting, and implied volatility.
• At expiry, the exact FX rate determines the final intrinsic value.

A call or put that may be exercised at any time up to maturity.

• Before maturity, valuation uses an American option model with FX rates, discounting, and implied volatility.
• Manual early exercise is not recorded in the current version; without it, the position remains open until maturity.

A single-currency fixed-for-floating interest rate swap. Coupon schedules and market conventions are derived from the selected floating-rate index.

• Receive fixed or pay fixed against a standard overnight or term index.
• Valuation uses an index projection curve and a discount curve, with every fallback disclosed.