Create a Hedge Position in a Hedge Action Group

Security Note: You need the Allow the user to maintain hedge actions security right in the Accounting user group security rights group for this activity.

Activity Steps

1. Open the Hedging Explorer.
2. Select the Hedge Action Groups tab.
3. Find the hedge action group. See Find Hedge Action Groups.
4. Select (that is, highlight) the hedge action group.
5. Perform one of the following steps:
   1. To create a futures contract or an options contract, right-click in the Hedging Actions table and select Hedge » Hedge Action from the menu.
   2. To create a spread contract or a swaps contract, right-click in the Hedging Actions table and select Hedge » Related Actions from the menu.

      The menu displays applicable market commodities, each with its associated market.

6. Select the market commodity for which to create the hedge position.

   The New Hedge Action screen displays.

   Note: The Contract Type and Transaction Type are as specified for the market commodity.
   

7. As applicable for the hedge position's contract type, see the following activities for further steps:
   • Create a Futures Contract
   • Create an Options Contract
   • Create a Spread Contract
   • Create a Swaps Contract

   Note: Some steps can only be completed on the Hedge Actions tab after searching for the hedge position.