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Purpose: To establish and lock in a basis for product to be delivered in a forward month.
How to use: When you feel basis values are favorable and expect futures prices to increase.
Advantages: Leaves open the opportunity for futures improvement prior to the 2nd to last working day previous to the futures month upon which it is priced.
Disadvantages: No downside futures protection.
Execution: Establish Basis contract. When you are ready to price the contract, futures must be established during market trading hours or contract may be rolled to a forward futures. Contact an EGT representative to discuss roll policy and changes. If not priced or rolled by the 2nd to last working day previous to the futures month upon which it is priced, the futures price will automatically be set at the closing futures value of that day.
Please contact your local EGT representative for more information.