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STOCK IN
1. If you have a purchase trade transaction, you will be able to store and manage the stocks in your inventory. Under 'Actions' in the table, click the 'Settings' button (represented by a 'gear' icon) of the row and click 'Stock In'. To set up your storage settings, click here.
For example, Company A purchased 10,000 metric tons of Lead from Company B.
2. You will be directed to a new 'Create New Physical Trade' page to key in the details. Some fields will be automatically filled up and you will be required to fill in 'Counterparty' before moving to the next step. 'Counterparty' will be the name of your storage as set up here. Complete the pricing stage of the trade and click 'Submit'.
Company A stocks in 10,000 metric tons of Lead into Storage X ('Storage Name'), at float/ave pricing of Lead 3M, with 1 day pricing period of 18 Nov 2020.
3. 2 linked trades will be automatically generated in the 'View Physical Trades' table to signify:
a. You ('Entity of Contract') storing/selling ('SALE') your stocks in/to storage name ('Counterparty')
Company A stores 10,000 metric tons of Lead in Storage X by selling to Storage X.
b. Storage name ('Counterparty') purchasing ('PURCHASE') your stocks from you ('Entity of Contract'). Your storage name will be the name of 'Deal No.'.
Storage X purchases 10,000 metric tons of Lead from Company A.
These 2 trades are linked and editing/deleting either trade will automatically update/delete the other.
SUMMARY
Trade 1: Purchase = Self to Counterparty
Trade 2: Sale = Self to Storage
Trade 3: Purchase = Storage to Self
To monitor the quantity and positions of your stocks in your inventory, click here. A portfolio with the name of your storage ('Storage Name') will also be automatically generated to allow you to monitor the P/L positions of your inventory. Repeat Step 1 to 3 for any stock-in purposes.
STOCK OUT
1. If you sell your stocks, you can record the transactions by clicking on the 'Stock Out' button of the storage trade (Deal No. = Storage Name).
2. You will be directed to a new 'Create New Physical Trade' page to key in the details. Some fields will be automatically filled up and you will be required to fill in:
- 'Counterparty' to indicate the party you are selling to.
- 'Quantity' to indicate the quantity you are selling.
Once done, you can move onto the pricing stage and click 'Submit' when completed. Click on the 'INVENTORY' tab at the top of the page to view outstanding quantity and P/L positions.
Company A sells 2,000 metric tons of Lead in Storage X to Company C.
There are 8,000 metric tons of Lead left in Company A's inventory.
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