Commodity Price Exposures
Commodity price exposures represent a data persistency that contains exposure information for raw exposures and financial transactions (commodity forwards, commodity futures, commodity swaps, listed options and OTC options). The commodity price exposures that are considered are exclusively exposures that relate to the derivative contract specification (DCS).
Prerequisites
You can find the setting for activating reporting and updating commodity price exposures in Customizing under 
Treasury and Risk Management
Transaction Manager
General Settings
Exposure Management 2.0
Reporting of Commodity Price Exposures
Activate Commodity Price Exposures
.
For the system to be able to update commodity price exposures automatically, you need to select the value Automatic
under Release
for the relevant exposure activity type in Customizing for Treasury and Risk Management
under Transaction Manager
General Settings
Exposure Management 2.0
Define Exposure Activity Types
. You perform manual releases in transaction FTREX1
(Raw Exposures
) or FTREX5
(Raw Exposures: Mass Release
), for example.
Features
Data Updates
Commodity price exposures are updated when raw exposures and sub-raw exposures are released, for example as a result of physical deals or material stocks. For more information, see Raw Exposures from Contracts, Raw Exposures from Purchase Orders and Sales Orders, and Raw Exposures from Material Stock.
When the DCS-based financial transactions are saved, the system also updates commodity price exposures.
For commodity swaps, a position is also created for each fixed leg, floating leg or average leg.
OTC options and listed options for commodities are updated with the total quantity of their underlying.
The prepared data is based on the rules of the relevant risk profile that is used (individual risk definition).
During the update, a position is created for each reporting group (market price exposure or contract price exposure).
The system automatically logs any errors that occur while commodity price exposures are being updated. To analyze these errors and to repeat an update for commodity price exposures, you use transaction
FTRCOEXLG1
.