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Position & risk management
In commodity trading, much of the risk comes from an outdated or incomplete view of your position. Qbil-Trade brings purchase and sales contracts, stock, planning, futures and currency into one position, updated as soon as something changes.
- Position list: per product, quality and period, with the option to include scheduled orders and weighted average prices.
- Economic and technical stock: view stock including open purchase and sales contracts, or only the goods physically in your warehouses.
- Workbench: overdue positions, overlaps, planning gaps and contracts that are not yet hedged, on one screen.
- Mark-to-market: value open positions against current market prices.
Futures alongside your physical position
Traders use futures to fix prices and limit their exposure to market movements. In Qbil-Trade, futures are registered in the same system as your physical contracts.
- Register bought and sold futures per market, product and delivery month
- See futures and physical volumes together in your position
- Enter settlement prices to value open futures
- Results are calculated and processed in finance automatically
Round turns
A round turn is a position that is opened and later closed again to capture a price movement. Qbil-Trade keeps the opening and the closing trade together, so the margin on the price difference is visible as soon as the position is closed.
- Open and closed volumes per product and period
- Margin calculated from the opening and closing price
- Financial settlement from the same records
Washouts
Sometimes a contract is better settled financially than delivered, for example when prices have moved or delivery is no longer practical. With a washout, an opposing purchase and sales contract are closed against each other and only the price difference is settled. Nothing is shipped.
- Close opposing contracts without physical delivery
- Price difference calculated from both contracts
- Processed through invoices or credit notes
- Result shown separately in your reporting
Currency, credit and results
- Currency: link FX hedges to purchase and sales contracts. More about currency hedging
- Credit: credit limits per relation and position limits, with approval workflows.
- Results: from the precalculation of a contract to the realised Profit & Loss.
Still keeping your position in a spreadsheet?
A spreadsheet shows the position at the moment it was last updated. In Qbil-Trade, every contract, order and futures trade changes the position directly, so everyone works from the same figures.
In a live demonstration, we show how Qbil-Trade handles positions, futures and washouts for your products.