Hedge Cover - Bill Factors

Strike Price

Set up a bill factor for the Strike Price. On the bill factor indicate that it:

• Has a bill factor type of Interval.
• Uses an appropriate characteristic. For the purposes of this example, let's assume that the strike price does not vary by any characteristic and set the value to N/A.
• Has a value type of Unit Rate.
• Should generate an error if it finds no value.

Set up characteristics for the Strike Price bill factor. On the characteristic indicate:

• Minutes Per Interval of 30 minutes.
• External ID, if applicable, for use by an interface that populates the interval data.

Populate the interval value sets and interval values for the Strike Price bill factor. These values will probably be determined at the time the contract is negotiated. However, they will probably not be entered manually. Rather, your implementers provide an interface that populates this data from an external source. Refer to Upload Interval Values for information about how this interface should work.

Market Price

Set up a bill factor for the Market Price. On the bill factor indicate that it:

• Has a bill factor type of Interval.
• Uses an appropriate characteristic. For the purposes of this example, let's assume that the market price does not vary by any characteristic and set the value to N/A.
• Has a value type of Unit Rate.
• Should generate an error if it finds no value.

Set up characteristics for the Market Price bill factor. On the characteristic indicate:

• Minutes Per Interval of 30 minutes.
• External ID for use by the interface that populates the interval data.

Set up the interface that periodically populates the interval value sets and interval values for the Market Price bill factor. These values are received from an external source and are uploaded via an interface provided by the implementers. Refer to Upload Interval Values for information about how this interface should work.