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Custom Calendars |
  
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Custom Calendars |
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Within EnergySteward.com you can setup 'custom' price calendars. These custom calendars can be referenced on price components which are used in contract and deal formulas. The custom calendars provide the mechanism for applying prices received on one date, to a different date.
For example, in the oil industry, with the Platts+ WTI. Pricing from days 26 thru 31 are applicable to 2 calendar months out. Days 1 thru 25 for 1 calendar month out. IE..
Oct 26 thru 31 (Prices reflect December)
Nov 1 thru 25 (Prices reflect December)
Nov 26 thru 30 (Prices reflect January)
Dec 1 thru 25 (Prices reflect January)
etc...
Within EnergySteward.com, a custom calendar can be setup to reflect this type of pricing. Once the custom calendar is setup, it can be used when setting up price components (which are posted to contract and deal price formulas) and subsequently used during calculations.
Important note: Custom calendars are optional pricing items which are only required when contract/deal pricing terms dictate. In addition, many times these calendars can be automatically loaded by EnergySteward.com staff (via a load script).
The screen shot below shows the initial screen which lists out your available custom calendars:
Add Price Custom Calendar (button) - Click this button to add a new custom calendar.
View/Edit Grid Button (pencil) - Click this next to the applicable calendar in order to change the information about this calendar.
Delete Grid Button (red x) - Click this next to the applicable calendar that you want to permanently delete. When you delete a calendar, then all date entries within the calendar are deleted. In addition, all references to the calendar within price components is removed.
Calendar Name - This can be any name for the calendar which will help you identify the calendar. It is suggested that you make this name relatively descriptive for the status in question. The name you post here is what will show up within the pull down list box when setting up price components.
Notes - This represents optional descriptive text about the calendar.
Add Calendar Date (button) - Click this button to add a new date item to the calendar.
View/Edit Grid Button (pencil) - Click this next to the applicable calendar date in order to change the information about this calendar date.
Delete Grid Button (red x) - Click this next to the applicable calendar date that you want to permanently delete.
Effective Date - This represents the effective date for the calendar.
Applies To Date - The effective date price entry will apply to this particular date.