Trade | ||
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A trade is a legally binding contract between two parties A physically settled trade requires one party to deliver one or more commodities to the other party at a time and location specified in the trade terms, in return for one or more cash payments A financially settled trade requires both parties to agree the value of one or more underliers, and make one or more cash payments dependent on those values For much more information please refer to the Detailed Glossary |
Virtual | ||
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Something that behaves like something else but is not really that thing For much more information please refer to the Detailed Glossary |
Volume | ||
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Volume is the measure of how much of something is involved in a trade Volume = Quantity (but the term Volume is nearly always used in preference) Hence in energy trading volume may have dimensions of energy, mass, weight or volume For much more information please refer to the Detailed Glossary |
Withdrawal | ||
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Term used to describe transferring natural gas from a storage facility into a transmission network For much more information please refer to the Detailed Glossary |
Accrual | ||
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A known future cash flow that has not been invoiced For much more information please refer to the Detailed Glossary |
APAR | ||
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Accounts Payable/Accounts Receivable Anything relating to these two departments, that is:
Often used to refer to invoices and invoiced cash flows For much more information please refer to the Detailed Glossary |