Unifin Commodity Exchange MSA: auctions, warehouses, derivatives and settlement. Solution architecture Diagram

The trading circuit

Four auction types on one core
The spot and forward order book
Collateral checked before the book

Specifications and lots

Versions of quality and basis
Lots admitted against the effective version
Certificates at admission and delivery

Warehouses and delivery

Receipts are transferred and pledged
Title to goods on CSD accounts
Documents block delivery

Clearing and cash

Novation and netting by member
Fees in the clearing cycle
ISO 20022 runs and statement reconciliation

Derivatives and margin

Commodity futures and options
Initial and variation margin
Contract position clearing