Use

You can use this function to assign long and short positions to one another for a commodity future in a futures account. This enables you to determine the positions that are still open and the gains and losses ( Variation Margin and Close Margin).

The function generates matching business transactions to which the corresponding margin flows are assigned.

The affected positions are closed or the number of units and book values in the positions are adjusted.

Integration

You can use this function if you want to create only open transactions and not closed transactions for commodity futures.

Prerequisites

See also the prerequisites section in the Commodity Futures section, which also includes the Customizing settings for margin management.

Activities

Select long and short positions using the company code, ID number, futures account and key date.

Choose Start .

In the displayed list, the open long positions are shown on the left and the short positions on the right.

In the Posting Information area enter the Posting Date and the Posting Period.

You can display a system default setting to match the positions by using the pushbuttons ( Default LIFO / Default FIFO ).

The position values (number of units and book values) are adjusted. The matching function highlights closed positions in gray so that only the positions that are still open are displayed in white.

You can execute the following activities:

Reject ( (completely reset unsaved matching)

Step by step Reverse

Post

Post (test run)

You can also assign the positions manually. To do this, select both positions and choose Match.

If you want to match more than two long and short positions at the same time, you need to make sure that the number of units of all the long positions match those of the short positions.

The position values (number of units and book values) are adjusted. The matching function highlights closed positions in gray so that only the positions that are still open and ready for input are displayed in white.

You can execute the following activities:

Reject ( (completely reset unsaved matching)

Step by step Reverse

Post

Post (test run)

Once you have finished assigning the positions, you can post the matching business transaction. The flows for the matching business transaction are posted and the transaction is given fixed status. The system displays a posting log and messages.

Depending on your Customizing settings, the derived business transactions are either posted directly or have to be edited using the Fix and Post Derived Business Transactions (TPM18) function.

The close margin flows have to be posted using the Post Close Margin (TPM25) function.

You can use the Matching Overview with Reversal Function to view and reverse the matching business transactions.

Once you have completed the matching process, you can check the positions using the Class Position in the Futures Account (TPM8) and Subledger Cash Flow (TPM13) functions.