{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/0aa6c03a459e44d9882087cb8b297695\" frameborder=\"0\" width=\"1108\" height=\"831\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":831,"width":1108,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":831,"thumbnail_width":1108,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/0aa6c03a459e44d9882087cb8b297695-0e959435a073251f.gif","duration":159.889,"title":"Smart Hedge for Quotation Period Decisions","description":"This Loom explains Smart Hedge, a decision desk for choosing the quotation period (QP) in gold and oil physical delivery contracts. The presenter notes that contracts may let buyers price the average of one of several future months, such as deciding among January, February, or March averages for December delivery. In a back test, selecting the right QP and hedging well saved about 28 basis points per 20,000 ounce cargo, which is over $200,000, making the timing choice critical. Smart Hedge reads contract terms from PDFs via Athena, analyzes the hedge against the live futures curve, and recommends when to declare, including example guidance to declare M plus one based on expected value versus the option value of waiting (about a one in four chance another month overtakes before the deadline)."}