Averaging is a product that fixes in advance the premium or the discount bought or sold forward basis the average of daily settlements within a given period.
Toyota Tsusho Metals Ltd is one of the market leaders for averaging. In order to help their clients to hedge in the most efficient way,
Toyota Tsusho Metals Ltd can deliver averaging:
For any averaging period and any valid prompt date
On any non-ferrous metals
Based on cash or 3M official prices
In any major currency, basis different FX fixings
Under certain conditions, in metric tons rather than lots