Create a Commodity

Security Note: You need the Allow the user to maintain markets configuration security right in the Marketing user group security rights group for this activity.

Activity Steps

1. Open the Market/Commodity Editor.
2. Select the Commodities tab.
3. To create a physical commodity:
   1. Right-click in the Commodities table and select New Commodity from the menu.
   2. Complete at least one of the following fields to limit the applicability of the commodity:
      • Analyte Definition—For hedging despatch orders or quotas for contracts with analyte pricing, the analyte associated with the commodity of the hedge position must be one of the payable analytes in the contract. For hedging repurchase actions, the analyte must be one of the analytes in the specifications of the repurchase contract product. Select from the analytes defined on the Quality panel of the Solution Explorer.
      • Material Type—For hedging despatch orders or quotas for contracts with product pricing, the contract's material must correspond to a material associated with the commodity of the hedge position. For hedging repurchase actions, the material type must be the material type of the repurchase contract product. Select from the material types defined on the Material panel of the Solution Explorer.
   3. If the commodity is to be associated with particular products, select the Products. Select from the products and brands defined on the Material panel of the Solution Explorer.
4. To create a currency commodity:
   1. Right-click in the Commodities table and select New Currency Commodity from the menu.
   2. Complete the following fields.
      • Source Currency—Select from the currencies defined in the Currency/Exchange Editor.
      • Destination Currency
5. Edit the commodity Name as required.
6. Enter a Description if required.
7. Click Save.