It doesn’t work that way
it is the hedge (AUD$230) minus the spot price (roughly AUD $130 at the moment). This amount x 50000.
Cash settled at the end of each month
So roughly $5mil owed to us on current spot prices by the bank the hedge has been placed with.
If the spot price goes above AUD$230, we pay the difference on 50000 tonnes a month to the bank
FEX Valuation, page-415
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Last
25.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $188.9M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 26.0¢ | 25.5¢ | $45.39K | 177.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 109614 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 12459 | 2 |
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