QP Terms

A term you need to be familiar with is quotational period (QP). When a trader books a trade, they will define in the trade confirmation and contract exactly when and how that trade will be priced; this is the quotational period. While it it is a front office function to decide on the QP, it is often a middle office role to set up the hedging for the contract. Therefore, you need to know by heart the QPs for the shipments you are managing. This handy guide gives definitions to the most commonly used QP terms.