{{tag>deals_desk risk hedge}}

====== Outright Price ======

  * <wrap hi>coincides with a commodity's futures price</wrap>[(:ref:jong-introduction-trade-finance)]
  * mitigated by hedge with futures[(:ref:jong-introduction-trade-finance)] 
  * if a hedge completely matches the physical position, the outright price exposure reduces to zero[(:ref:jong-introduction-trade-finance)]