Maintaining Derivatives

Editing a Derivative

Click any row in the derivatives grid to open the detail drawer. All header fields can be edited directly in the drawer.

---

Derivative Lines (Periods)

A Derivative Line represents a settlement period within the contract. A single derivative can have multiple lines — for example, one per month across a six-month hedging period. Each line captures the volume and the period dates for that settlement.

Adding a Line

1. Open the derivative drawer.

2. In the Derivative Lines section, click the add action on the lines grid.

3. Fill in the fields.

4. Save.

Derivative Line Fields

Field	Description	Required
Period Start	Start date of the settlement period	Required
Period End	End date of the settlement period	Required
Quantity	Volume covered in this period (e.g. MT of bunker, number of freight lots)	Required
Measurement	Unit of measurement for the quantity (e.g. MT, Lots)	Required
Fixed Rate	The agreed strike price for this period	Required
Fixed Rate Currency	Currency of the fixed rate. Defaults to USD	Required
Clearing Rate	Clearing rate if the contract is cleared via a clearinghouse	Optional
Clearing Rate Currency	Currency of the clearing rate	Optional

Editing and Deleting Lines

Edit a line by clicking its row in the grid. To remove a line, use the delete action on the row.

Deleting a line also removes any voyage allocations attached to it.

---

Commissions

Derivative contracts often involve broker commissions. One or more commissions can be recorded per derivative. The commission amount is calculated automatically — it is not manually entered.

Adding a Commission

1. Open the derivative drawer.

2. Scroll to the Commissions section.

3. Click Add Commission.

4. Fill in the fields.

5. Save.

Commission Fields

Field	Description	Notes
Counterpart	Broker or party receiving the commission	Required
Rate	Per-unit rate. Commission = rate × total quantity across all derivative lines	Optional
Percent	Percentage of total value. Commission = total qty × fixed rate × percent	Optional
Lump Sum	Fixed flat amount. No calculation applied	Optional
Commission Amount	Calculated and stored automatically	Read-only

All three inputs (Rate, Percent, Lump Sum) can be used in combination. The total commission is the sum of all three calculations.

Editing and Deleting Commissions

Edit a commission by clicking its row. Delete it using the row delete action. Commissions are linked to the derivative header, not to individual lines.

Invoicing of commissions is out of scope for this release. Commission amounts are stored for reference only.

---

Deleting a Derivative

Select the derivative and use the Delete action. Deleting a derivative permanently removes all its lines and voyage allocations.

To retire a contract without losing the data, change the status rather than deleting the record.