Netting | ||
---|---|---|
Netting is the aggregating and offsetting of multiple cash flows between counterparties to arrive at one, or a limited set of physical payments For much more information please refer to the Detailed Glossary |
Settlement | ||
---|---|---|
The Business Process or Capability covering the payments relating to trading activities. It includes agreeing payments, making them, and ensuring that payments are received at the correct times For much more information please refer to the Detailed Glossary |
Weighted Average Price | ||
---|---|---|
Weighted Average Price (WAP) is the average price over a series of individually priced volumes For much more information please refer to the Detailed Glossary |
Balance of Month | ||
---|---|---|
A type of contract in which the delivery period is the remainder of the current month For much more information please refer to the Detailed Glossary |
Clean Spark Spread | ||
---|---|---|
A clean spark spread is the spread between the value of power (electricity) on the one hand and the value of the gas needed to generate that power, and any associated carbon costs of generation For much more information please refer to the Detailed Glossary |
Derivative | ||
---|---|---|
A type of trade or instrument which has a value dependent on an observable value, which is usually, but not always, the price of a physical commodity. The observable value is called the underlier For much more information please refer to the Detailed Glossary |
Floating | ||
---|---|---|
A financial side or leg of a trade that is not fixed in advance, but is dependent on the value of some observable (usually an index) at a pre-agreed time related to the delivery date For much more information please refer to the Detailed Glossary |
Forward | ||
---|---|---|
A Forward, or Forward Contract, is an agreement to buy or sell a commodity at a fixed time in the future For much more information please refer to the Detailed Glossary |
Futures Contract | ||
---|---|---|
A Futures Contract is an agreement to buy or sell a commodity at a fixed time in the future executed on or with an Exchange For much more information please refer to the Detailed Glossary |
Linear trade | ||
---|---|---|
A trade with no optionality For much more information please refer to the Detailed Glossary |