Excel add-in functions that values swing contracts used in the natural gas and power markets. Swing contracts are also called swing delivery, base load, variable load, or interruptible transportation contracts.
Typical users are traders, risk managers, gas and power marketers, utilities, brokers, and auditors.
Features Extensive Instrument Coverage Swing contracts give the holder the right to take daily delivery of a certain nominated amount of commodity on certain future dates at a fixed price. A swing right can be exercised on each delivery date. A predetermined maximum number of swings can be exercised during the life of the contract and overall maximum and minimum amount constraints can apply during the same time period. Swing includes templates that can be easily customized for specialized trades such as November-March peaking options and annual strips. FEA regularly expands instrument coverage and publishes new spreadsheet templates.