Execution Event

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Execution identifies the moment the goods are executed or delivered to the customer. This also impacts the Mark to Market information as at this point there is no longer a risk involved.

 

When this event is completed in a delivery end point, the transaction is recorded, and updates are made to the contract, the financial system and to Mark to Market (e.g. a purchase asset becomes realized and is replaced by an inventory asset, or an inventory asset disappears and a sales asset becomes realized). One logistics event is required for use in the Execution section for each delivery line. By default, Agiblocks uses an event called “Originals sent”.