Physical Trades Scenarios + Examples
Click “Trade” from the navigation sidebar on the left, followed by “Physical Trade”.
Click “+ New Trade” to create a new physical trade.
TABLE OF CONTENTS
1. Deals - Both Sides
a. Both sides have pricing
Key in new trade as per normal for MAF2001-P. Once completed, click on the ‘gear icon’, followed by “Add Deal Trade” to key in for MAF2001-S.
Note: Once you click “Add Deal Trade”, “Purchase/Sale” field will automatically be switched (from “Purchase” to “Sale” and vice versa).
| MAF2001-P | Click “Add Deal Trade” and key: MAF2001-S |
|---|---|---|
Deal No. | MAF2001 | MAF2001 |
Contract ID | MAF2001-P | MAF2001-S |
Contract Type | Spot | Spot |
Trade Date | 10 March 2020 | 12 March 2020 |
Entity of Contract | Your Company Name | Your Company Name |
Purchase/Sale | Purchase | Sale |
Counterparty | Company A | Company B |
Product | Aluminium | Aluminium |
Specification | Brand A | Brand A |
Unit | Metric Ton | Metric Ton |
Quantity | 1000 | 1000 |
Credit Term | TT | TT |
Incoterm | CIF | CIF |
Port/Country | Shanghai | Shanghai |
Remarks | - | - |
Benchmark Pricing | Select “FIX” and key in 2000.00
| Select “FIX” and key in 2500.00 |
MTM Pricing | Select “SPOT”, click “Calculate” and key in “ALUMINIUM CASH” or “Aluminium 3M Rolling”, according to your preference. | Select “SPOT”, click “Calculate” and key in “ALUMINIUM CASH” or “Aluminium 3M Rolling”, according to your preference. |
To fill in details for “Vessel”, “Funds In/Out” etc, click on the ‘gear icon’, followed by “Add Trade Execution”. This is where you can key in the finalised actual pricing/quantity and other operational and logistics details.
Fill in the details accordingly and click “Save” once done.
In MAF System | In Excel |
|---|---|
Vessel | Vessel Name |
Port/Port Type | Loadport/Disport |
ETA/NOR | ETA/Delivery |
Payment Date | Funds In/Out Date |
Title Transfer Date | Cargo Title In/Out Date |
b. Both sides have no pricing
Key in new trade as per normal for MAF2002-P. Once completed, click on the ‘gear icon’, followed by “Add Deal Trade” to key in for MAF2002-S.
Note: Once you click “Add Deal Trade”, “Purchase/Sale” field will automatically be switched (from “Purchase” to “Sale” and vice versa)
| MAF2002-P | Click “Add Deal Trade” and key: MAF2002-S |
|---|---|---|
Deal No. | MAF2002 | MAF2002 |
Contract ID | MAF2002-P | MAF2002-S |
Contract Type | Spot | Spot |
Trade Date | 15 Apr 2020 | 17 Apr 2020 |
Entity of Contract | Your Company Name | Your Company Name |
Purchase/Sale | Purchase | Sale |
Counterparty | Company A | Company B |
Product | Aluminium | Aluminium |
Specification | Brand B | Brand B |
Unit | Metric Ton | Metric Ton |
Quantity | 800 | 800 |
Credit Term | TT | TT |
Incoterm | CIF | CIF |
Port/Country | Shanghai | Shanghai |
Remarks | - | - |
Benchmark Pricing |
|
|
MTM Pricing | Select “SPOT”, click “Calculate” and key in “ALUMINIUM CASH” or “Aluminium 3M Rolling”, according to your preference. | Select “SPOT”, click “Calculate” and key in “ALUMINIUM CASH” or “Aluminium 3M Rolling”, according to your preference. |
Once pricing is known MAF2002-P and MAF2002-S, click on the ‘gear icon’, followed by “Add Trade Execution”. This is where you can key in the finalised actual pricing/quantity and other operational and logistics details.
Fill in “Actual Quantity” and/or “Actual Price” for MAF2002-P and MAF2002-S and the pricing will automatically be updated. Otherwise, you can go to benchmark pricing page of MAF2002-P and MAF2002-S and change “SPOT” to “FIX” and key in the price.
Fill in details for “Vessel”, “Funds In/Out” etc accordingly and click “Save” once done.
In MAF System | In Excel |
|---|---|
Vessel | Vessel Name |
Port/Port Type | Loadport/Disport |
ETA/NOR | ETA/Delivery |
Payment Date | Funds In/Out Date |
Title Transfer Date | Cargo Title In/Out Date |
2. Deals - One Side
a. Only 1 side has pricing
Key in new trade as per normal for MAF2003-P. Once completed, click on the ‘gear icon’, followed by “Add Deal Trade” to key in for MAF2003-S.
Note: Once you click “Add Deal Trade”, “Purchase/Sale” field will automatically be switched (from “Purchase” to “Sale” and vice versa).
| MAF2003-P | Click “Add Deal Trade” and key: MAF2003-S |
|---|---|---|
Deal No. | MAF2003 | MAF2003 |
Contract ID | MAF2003-P | MAF2003-S |
Contract Type | Spot | Spot |
Trade Date | 20 Jan 2020 | 22 Jan 2020 |
Entity of Contract | Your Company Name | Your Company Name |
Purchase/Sale | Purchase | Sale |
Counterparty | Company A | Company B |
Product | Copper | Copper |
Specification | Brand C | Brand C |
Unit | Metric Ton | Metric Ton |
Quantity | 500 | 500 |
Credit Term | TT | TT |
Incoterm | CIF | CIF |
Port/Country | Shanghai | Shanghai |
Remarks | - | - |
Benchmark Pricing | Select “FIX” and key in 7000.00 |
|
MTM Pricing | Select “SPOT”, click “Calculate” and key in “COPPER CASH” or “Copper 3M Rolling”, according to your preference. | Select “SPOT”, click “Calculate” and key in “COPPER CASH” or “Copper 3M Rolling”, according to your preference. |
Once pricing for MAF2003-S is known, click on the ‘gear icon’, followed by “Add Trade Execution”. This is where you can key in the finalised actual pricing/quantity and other operational and logistics details.
Fill in the “Actual Quantity” and/or “Actual Price” for MAF2003-S and the pricing will automatically be updated. Otherwise, you can go to benchmark pricing page of MAF2003-S and change “SPOT” to “FIX” and key in the price.
Fill in details for “Vessel”, “Funds In/Out” etc accordingly and click “Save” once done.
In MAF System | In Excel |
|---|---|
Vessel | Vessel Name |
Port/Port Type | Loadport/Disport |
ETA/NOR | ETA/Delivery |
Payment Date | Funds In/Out Date |
Title Transfer Date | Cargo Title In/Out Date |
b. Have only 1 side (purchase or sale)
Key in new trade as per normal for MAF2004-P. Once you have details of the other side (sale), click on the ‘gear icon’, followed by “Add Deal Trade” to key in for MAF2004-S.
Note: Once you click “Add Deal Trade”, “Purchase/Sale” field will automatically be switched (from “Purchase” to “Sale” and vice versa)
| MAF2004-P |
|---|---|
Deal No. | MAF2004 |
Contract ID | MAF2004-P |
Contract Type | Spot |
Trade Date | 24 Aug 2020 |
Entity of Contract | Your Company Name |
Purchase/Sale | Purchase |
Counterparty | Company A |
Product | Aluminium |
Specification | Brand D |
Unit | Metric Ton |
Quantity | 150 |
Credit Term | TT |
Incoterm | CIF |
Port/Country | Shanghai |
Remarks | - |
Benchmark Pricing |
|
MTM Pricing | Select “SPOT”, click “Calculate” and key in “ALUMINIUM CASH” or “Aluminium 3M Rolling”, according to your preference. |
Once pricing is known for MAF2004-P, click on the ‘gear icon’, followed by “Add Trade Execution”. This is where you can key in the finalised actual pricing/quantity and other operational and logistics details.
Fill in “Actual Quantity” and/or “Actual Price” for MAF2004-P and the pricing will automatically be updated. Otherwise, you can go to benchmark pricing page of MAF2004-P and change “SPOT” to “FIX” and key in the price.
Fill in details for “Vessel”, “Funds In/Out” etc accordingly and click “Save” once done.
In MAF System | In Excel |
|---|---|
Vessel | Vessel Name |
Port/Port Type | Loadport/Disport |
ETA/NOR | ETA/Delivery |
Payment Date | Funds In/Out Date |
Title Transfer Date | Cargo Title In/Out Date |
3. Deals - Multiple Sides
For multiple trades under the same contract, similar to the above (both sides and one side), key in new trade as per normal for MAF2005-P1 (Qty = 600.925).
Once completed, click on the ‘gear icon’, followed by “Add Deal Trade” to key in for MAF2005-P2 (Qty = 599.075).
Note: Once you click “Add Deal Trade”, “Purchase/Sale” field will automatically be switched (from “Purchase” to “Sale” and vice versa). So please change “Purchase/Sale” accordingly.
Do the same for MAF2005-S1 and MAF2005-S2 by clicking “Add Deal Trade” and completing the steps.
| MAF2005-P1 | Click “Add Deal Trade” and key: MAF2005-P2 | Click “Add Deal Trade” and key: MAF2005-S1 |
|---|---|---|---|
Deal No. | MAF2005 | MAF2005 | MAF2005 |
Contract ID | MAF2005-P1 | MAF2005-P2 | MAF2005-S1 |
Contract Type | Spot | Spot | Spot |
Trade Date | 16 May 2020 | 16 May 2020 | 18 May 2020 |
Entity of Contract | Your Company Name | Your Company Name | Your Company Name |
Purchase/Sale | Purchase | Purchase | Sale |
Counterparty | Company A | Company B | Company B |
Product | Aluminium | Aluminium | Aluminium |
Specification | Brand E | Brand E | Brand E |
Unit | Metric Ton | Metric Ton | Metric Ton |
Quantity | 600.925 | 599.075 | 600.925 |
Credit Term | TT | TT | TT |
Incoterm | CIF | CIF | CIF |
Port/Country | Shanghai | Shanghai | Shanghai |
Remarks | - | - | - |
Benchmark Pricing | Select “FIX” and key in 1950 | Select “FIX” and key in 1950 | Select “FIX” and key in 1910 |
MTM Pricing | Select “SPOT”, click “Calculate” and key in “ALUMINIUM CASH” or “Aluminium 3M Rolling”, according to your preference.
| Select “SPOT”, click “Calculate” and key in “ALUMINIUM CASH” or “Aluminium 3M Rolling”, according to your preference.
| Select “SPOT”, click “Calculate” and key in “ALUMINIUM CASH” or “Aluminium 3M Rolling”, according to your preference. |
To fill in details for “Vessel”, “Funds In/Out” etc, click on the ‘gear icon’, followed by “Add Trade Execution”. This is where you can key in the finalised actual pricing/quantity and other operational and logistics details.
Fill in the details as follows and click “Save” once done.
In MAF System | In Excel |
|---|---|
Vessel | Vessel Name |
Port/Port Type | Loadport/Disport |
ETA/NOR | ETA/Delivery |
Payment Date | Funds In/Out Date |
Title Transfer Date | Cargo Title In/Out Date |