# Create New Derivatives

#### How to Create

1. Go to **Finance → Derivatives**.
2. Click **New Derivative**.
3. Fill in the required fields in the create modal.
4. Save. The derivative is created with status **Draft** and the detail drawer opens automatically.
5. Add Derivative Lines in the drawer.

#### Derivative Header Fields

| Field                   | Description                                                                                    | Required |
| ----------------------- | ---------------------------------------------------------------------------------------------- | -------- |
| **Name**                | Descriptive name, visible in lists and filters                                                 | Required |
| **Derivative Type**     | Bunker Hedge, Freight (FFA), Emission Allowance, or Commodity                                  | Required |
| **Agreement Type**      | Swap, Call Option, or Put Option                                                               | Required |
| **Counterpart**         | The financial institution or trading counterpart                                               | Required |
| **Contract Date**       | Date the contract was executed                                                                 | Required |
| **Package**             | Assigns the derivative to a package for grouping                                               | Optional |
| **Hedge Against**       | What is being hedged against: COA Line, Voyage, TC-In/Out Duration, or Derivative (washed out) | Optional |
| **Payment Method**      | Over-the-counter (OTC) or Cleared (via Clearinghouse)                                          | Optional |
| **Accounting Category** | Hedge, Speculation, Internal (Strategic), or Economic Hedge                                    | Optional |
| **Buy / Sell**          | Whether the derivative is being bought or sold                                                 | Optional |
| **Responsible Trader**  | Trader responsible for this contract                                                           | Optional |
| **Comments**            | Free-text internal notes                                                                       | Optional |

####


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