Disker,
In the 15 minute explantation I was given... I was told the liquidation damages will be determined by a reconstructed futures figure... if this was Sept 09 upon settlement... a Sept 09 hedge cost would be created.... and that Sept 09 value subtracted from the July 31/08 Sept 09 futures value;
OR,
The Fixed Price I locked in at... deducted from the Fixed Price Contract value as the calculation point... if it was July 31/08... then that value...
The CWB charging the greater of these two values... as the liquidation cost to settle the contract.
In the 15 minute explantation I was given... I was told the liquidation damages will be determined by a reconstructed futures figure... if this was Sept 09 upon settlement... a Sept 09 hedge cost would be created.... and that Sept 09 value subtracted from the July 31/08 Sept 09 futures value;
OR,
The Fixed Price I locked in at... deducted from the Fixed Price Contract value as the calculation point... if it was July 31/08... then that value...
The CWB charging the greater of these two values... as the liquidation cost to settle the contract.
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