booking the basis

Definition of "booking the basis"
  1. A sales arrangement where the cash price is decided by the buyer or seller within a specific time, after which a pre-established basis is applied to the current futures quotation
How to use "booking the basis" in a sentence
  1. The farmer's success with booking the basis allowed him to ensure a steady income despite fluctuating market prices.
  2. To hedge against considerable market risk, the investors decided on booking the basis when arranging the sale.
  3. During volatile market conditions, booking the basis can provide more price stability.

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