RiskAssist Flexi3 Product Disclosure Statement - AWB Limited
RiskAssist Flexi3 Product Disclosure Statement - AWB Limited
RiskAssist Flexi3 Product Disclosure Statement - AWB Limited
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Foreign Currency Amount means the foreign currencyamount calculated from the futures component price tonotionally exchange for AUD at the Forward Rate.Forward Price means the futures price that we agree(expressed in either AUD or a foreign currency) foryour grain.Forward Rate means the exchange rate at which theForeign Currency Amount is converted to AUD.hedge means offsetting the price risk inherent in anyphysical or market position by taking an oppositeposition in the market. Hedging helps to protect youfrom adverse price changes.OTC means "Over the Counter" and is generally usedto refer to futures or foreign exchange contracts (oroptions over these contracts) which are not traded onan exchange (such as CBOT or WCE).<strong>Product</strong> Fee means the product fee (expressed in AUDper tonne) that we charge set out in section 4 of part 2of this PDS.USD means US dollar.WCE means the Winnipeg Commodity Exchange.Page 10