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Washout agreements can be settled financially in Agiblocks. The following prerequisites must be met:
| ✓ | The Counterparties in the purchase and sales contracts must be same. |
| ✓ | Both purchase and sales contracts should have the same Commodity and Position in order to be able to be reserved. |
| ✓ | Both purchase and sales contracts should have the same settlement currency, otherwise their cost items won’t show up in the invoice cost items filter section. |
The key steps of performing a washout in Agiblocks are as follows:
| 1. | If needed, use the Back to Back button on a Contract form to create a matching Sales/Purchase contract. |
| 2. | On the Reservations screen, select the Purchase and Sales contracts and use the Washout button to automatically create a Reservation and Delivery and execute the Delivery. |
| 3. | Create a commercial invoice including both purchase and sales cost items and any other relevant cost items. |
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