首页>
外国专利>
Method and trading instrument for effecting trade of a commodity and method of assessing a commodity price
Method and trading instrument for effecting trade of a commodity and method of assessing a commodity price
展开▼
机译:用于实现商品交易的方法和交易工具以及评估商品价格的方法
展开▼
页面导航
摘要
著录项
相似文献
摘要
A method of assessing a market price of a benchmark grade of a commodity includes artificially injecting additional volumes of the benchmark grade into the marketplace to thereby increase the market activity upon which the assessment is based. By increasing the market activity upon which the benchmark assessment is based, problems associated with having a small number of market events for assessing the benchmark price, such as price volatility, may be avoided. Additional volumes of the benchmark grade may be artificially injected into the marketplace by including, in the assessment of the benchmark price, observations of market events involving one or more alternative, non-benchmark grades of the commodity. Alternatively, or in addition, additional volumes of the benchmark grade may be artificially injected into the marketplace by permitting a seller offering cargoes of the benchmark grade of the commodity to actually deliver a cargo of one or more alternative, non-benchmark grades of the commodity in satisfaction of a contract for sale of the benchmark grade. Sales of the commodity may also made in terms of a virtual grade, wherein, following a sale of a quantity of the virtual grade, the seller may designate one of a specified number of grades for delivery to the buyer.
展开▼