Available from Lester Associates Inc.
The Commodity Position Management System is a Windows-based back-office system designed for international trading firms trading physical commodities allowing identification, measurement and management of trading positions, risk and performance across all markets.
Contract coverage includes futures, physicals (spot and forwards), FX, options (exchange and OTC), swaps, tolling and concentrates for all commodity groups (refined, precious and scrap metals, concentrates, energy, agriculturals, etc.). The system provides and supports contract management, mark-to-market valuations, hedge reporting, inventory, logistics, provisional liquidations and full audit trails. An integrated multi-currency counterparty ledger (accounts receivable and payable) is incorporated in the system, providing journal entry summaries for your general ledger. The system monitors unpriced contracts (to be priced on an average or an unknown fix); these contracts are marked to market and will continue to be monitored if the contract is liquidated before priced.
Comprehensive reporting is provided on positions, performance, exposure (price, delivery, counterparty, country, currency) and activity. The database is accessible for reporting using standard Windows tools (like Excel). System customization is available.