Reply To: Futures Cascade

Graham Roberts

Just to give a bit more context:

– Downstream processes such as Accounting, VAT etc are looking to ensure the Futures are correctly classified as “Financial” where they financially settle – one way to do this is to use the Settlement Type (ie any trade which has a physical leg is physical). However some contracts such as ICE API 4 Richards-Bay-Coal-Futures settle financially according to the contract specification, but are currently set up in the system as “Physical” and need this for the cascade to work.

– When I say I can get the cascading to work on Futures with settlement Type = Financial, I have created a custom script using the JVS function EndOfDay.comFutProcessRollTranTable, but am not feeding it a valid Delivery Event (which it would normally expect)

Would also be interested to know if there are any other implications here of changing the settlement type……

Download PDF version

This field is for validation purposes and should be left unchanged.