Full Pricing for To Be Fixed Contracts

In Agiblocks, pricing is done on logistic delivery line level, not at the contract level. This provides traders with the flexibility to price contracts to best fit delivery needs.

Partial delivery after a contract is 100% priced:

When pricing is completed before logistic deliveries are required, it will not change how the deliveries are split. Multiple physical deliveries then have the same price because pricing completes before it becomes clear how contract fulfillment will split the goods into partial deliveries (each with their own settlements). If the pricing is faster than the logistics process, all delivery lines share one pricing process.

This means that for a 100% priced contract, all delivery lines get the final price of the full contract. In this case, all delivery lines get the same price, which is the average of all partial pricings made on the contract.

Partial delivery before a contract is 100% priced:

When pricing takes longer than the logistic deliveries, the way quantities are split is controlled by the logistics process. Logistic deliveries drive the settlement for each of the pricing  splits, using an actual price and settlement currency. If pricing takes longer than logistics, it is possible to split the partial pricing to give as many final prices as there are actual logistic deliveries.

This means that a partial logistic delivery processed from a partially priced contract can be invoiced with a final price by doing a Full Pricing for that delivery line from the available partial pricing. In effect, different delivery lines of a contract can have different prices if their Full Pricing was done before the whole contract was 100% priced.

Notes: