Deal Pricing
Comprehensive pricing functionality allows entry of deals as they are commercially transacted. Complex pricing capabilities include formulas, tiered pricing, trigger pricing and tariff netback pricing (index plus/minus transportation tariffs).
- Pricing
- Reference pricing (indices), plus or minus adjustments (adjustments can be in a different currency to the index)
- Pricing can be in a different unit of measure than the underlying transaction quantity
- Baskets of indices (e.g. average of a number of indices)
- Tiered pricing (step pricing)
- Floors, ceilings
- Tariff-based net-back pricing on physical commodity transactions
- Quality adjustments (e.g. WADFs)
- Price conversions (e.g. for "trigger" pricing) with complete history of revisions
- Fees
- Volumetric (quantity-based) based on contract or delivered volumes
- Fixed amount - monthly, one-time (e.g. options premium or prepayment)
- Support for place-holder (estimated) fees with actuals entered at settlement time
- Invoiced along with underlying commodity or independently on a separate invoice
- Multiple fees per transaction
- Full index management sub-system, including publications and definition of settlement schedules and averaging rules
- Full support for holiday schedules and their impact on settlement dates, publication dates, delivery profiles etc.
