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Quantitative Finance · Glossaire

Qu'est-ce que « Netback » ?

Definition 1.10 Markets III: Commodities, Energy and Crypto · Chapitre 1 — Physical Commodity Markets

The netback of a sale is its delivered price less the costs of getting the commodity there (freight, insurance, losses in transit, duties and terminal fees), expressed per unit at the point of origin.

Exemples

Example 1.11 (Choosing a destination by netback)

A cargo can be sold delivered in Rotterdam at 81.30 $/bbl81.30\,\$/\mathrm{bbl} with 1.10 $/bbl1.10\,\$/\mathrm{bbl} of freight, or in Singapore at 83.10 $/bbl83.10\,\$/\mathrm{bbl} with 3.05 $/bbl3.05\,\$/\mathrm{bbl}; insurance costs 0.03 $/bbl0.03\,\$/\mathrm{bbl} either way. The netbacks are 80.17 $/bbl80.17\,\$/\mathrm{bbl} and 80.02 $/bbl80.02\,\$/\mathrm{bbl}: Rotterdam, although Singapore pays more.

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