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You can calculate your positions, P/L and risks based on different categories - Portfolio, Product Category and Trader. These categories are independent of each other, and can be used to perform calculations in the settlement of paper and physical trades transactions.

• Portfolio: Portfolio is usually

• 交易组合通常为公司业务划分的主要构架，具有层级关系比如：公司下面分为化工和有色两块业务，在有色业务下面分为有色现货和有色套保，以此类推。

• The transaction portfolio is usually the main structure of the company's business division, with a hierarchical relationship. For example, the company is divided into chemical and non-ferrous businesses under the company, and the non-ferrous business is divided into non-ferrous spot and non-ferrous hedging, and so on.

• Category: Category 品种是在交易组合下面的一个维度，可以进行再次却分交易属性。例如在有色业务下面又可以分为国际铜，内贸铜。

• Category is used to group various contracts. For example, in the spot copper contract, the varieties (category) may include standard copper and non-standard copper. By categorising them separately, you will be able to determine the positions and P/L of each category - standard copper and non-standard copper.

Variety is a dimension under the trading portfolio, which can be divided into trading attributes again. For example, under the non-ferrous business, it can be divided into international copper and domestic copper.

• Trader 交易员: Refers to trader name, has a similar nature as Category eg Trader A and Trader B etc.

Definition:

Product: Product Name

Specification: Product brand/specification listed in the contract, this is not a compulsory field, you may fill in if necessary.

Category: Category is used to group various contracts. For example, in the spot copper contract, the varieties (category) may include standard copper and non-standard copper. By categorising them separately, you will be able to determine the positions and P/L of each category - standard copper and non-standard copper.

Commission Currency: Commission currency may not necessarily follow the contract and may be different from the paper trades' settlement currency. Once you have uploaded the daily statements, the Commission Currency will be automatically captured, and you are free to change it as necessary.

After uploading the paper trades, if no cells are highlighted in red, you will be able to submit the data successfully.

If you want to manually input the data instead of uploading, please click on Add Row and input the necessary details. You may need to ensure that all the cells highlighted in red are filled correctly before you save the data. Please refer to below to determine which Pricing Mode is applicable for each contract:

Fixed represents fixed/actual price

WMA represents the floating price of futures products, which fluctuates according to the prices of futures contracts. This also refers to contracts that have not been priced/settled yet.

Float/Ave represents the floating price of forward products, which fluctuates according to the prices of forward contracts. This also refers to contracts that have not been priced/settled yet.

Spot also represents floating price, but it corresponds to the daily spot index price, and there is no futures contract.

Therefore, determining the Pricing Mode (Float, WMA or SPOT) applicable for each contract will depend on the contract type.

All paper and physical trades pricing logic is as follows:

To determine which Pricing Mode to use, you may double click on the MAF Product ID/Product field to determine the "Product Type" (forward/futures/spot/forex）:

1. If Product Type is FORWARD, please select FLOAT/AVE and input the Pricing Start and Pricing End Date only. For instance, LME 3M contract is specific to a certain date. Some examples include LEAD 3M, ZINC 3M etc.

2. If Product Type is Futures, please select WMA and input the Month and Year only. Some examples include LEAD, ZINC etc.

3. If Product Type is Forex or Spot, please select Spot and you do not need to input month, year or date. Some examples include LEAD 3M Rolling, ZINC CASH etc.