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A Position can be rolled to a Position within the same Futures market, or to a different Futures market. For example, from a Sugar #5 Position it is possible to roll to either another Sugar #5 Position or to a Sugar #11 Position. The latter is called cross-market rolling. The process is the same as for single market rolling, but additional information is displayed for a cross-market rolling.
Notes:
| • | An optional rolling requirement is created for cross-market rolling. |
| • | There is no difference in Agiblocks whether a rolling requirement for a specific contract was made from the Position Rolling screen or from the Contract Risk tab. Therefore, where the rolling was done will not be displayed on the Hedge Allocation screen. |
| • | Create position rollings at the latest before the expiration date of a future's period (e.g Feb 29) and allocate futures to the rolling requirements the next day (e.g. March 1st) or afterward. |
| • | Before closing a period, check the numbers next to the 'Quantity valuated with expiring futures' on the Period closing screen. A non-zero number means there are still tonnages valued against the expiring/expired periods, which needs a position rolling. |
| • | Agiblocks will only roll delivery lines with an open quantity and takes into account the contract quantity tolerance as a threshold. This avoids rolling very small remainders on fully executed contracts. Sometimes a high contract tolerance level may leave a contract with a position unrolled if Agiblocks considers the remaining amount within the contract tolerance level. Lowering the contract tolerance may be needed for Agiblocks to calculate that there is still a significant quantity open to be rolled. |
| • | Floating and inventory stock are not rolled automatically. These must be rolled manually. |
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