Here are the basics from the webpage.
<blockquote>Three components are used to calculate the PRO basis: the monthly CWB PRO, the CWB’s forecasted futures, and a discount for the time value of money, risk and administration cost:
PRO basis = (CWB PRO - CWB forecasted futures) - discount </blockquote>
There is a bit more detail than this on the webpage though not much, I think that it is suffice to say these are all CWB "black box" items and there is no way that mere mortals are allowed to peer inside the black box.
<blockquote>Three components are used to calculate the PRO basis: the monthly CWB PRO, the CWB’s forecasted futures, and a discount for the time value of money, risk and administration cost:
PRO basis = (CWB PRO - CWB forecasted futures) - discount </blockquote>
There is a bit more detail than this on the webpage though not much, I think that it is suffice to say these are all CWB "black box" items and there is no way that mere mortals are allowed to peer inside the black box.
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