During delivery execution, the Deliveries values default to the contract values. You can change this to the actual values for weight and commodity element percentage. In the example below:
• | An extra percentage point of both Fat and Dry Matter was delivered, above the contractual specification. The Fat percentage has been changed from 40% to 41% and Dry Matter from 35% to 36%. |
• | The Settlement percentages are 40.5% and 35.5%. |
• | Final price automatically updated from 200.00 EUR/KG to 200.03 EUR/KG. |
• | Final Price = Fixed Price + SUM (Percentage Deviation x Content Premium x Unit Conversion Factor). |
• | SUM refers to summing the premiums across all commodity elements. |
• | A unit conversion factor applied if necessary (from KG to MT, for example). |
• | A content premium of 3 EUR/KG was entered for the Fat commodity element and 2 EUR/KG for Dry Matter. |
• | The final price is therefore 200.00 + (0.5% x 3) + (0.5% x 2) = 200.00 + 0.015 + 0.01 = 200.03 EUR/KG. |
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