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Settlement prices are applied in contracts, contracts for the non-standard equipment made usually by individual orders. The estimated prices for such equipment are calculated and justified by the supplier for each specific order, taking into account the technical and commercial conditions of this order, and in some cases are finally established only after the order. The level of the estimated price is influenced by the fact that special machines and equipment are often produced by firms that actually dominate in this relatively narrow area. Their equipment is connected with patented inventions, improved technology, availability of highly qualified personnel.Information about the prices of special equipment found in the press occasionally, and they are almost impossible to use for comparison when choosing a price level.
The settlement price in futures markets is the price used to determine the profit or loss for the period, as well as the margin requirements. This price is on a par with price at which the concluded contract is calculated for both opening and closing of each trading period, and this is important because it determines whether a trader is required to match additional fields. It is usually determined by certain procedures, which differ somewhat depending on the exchange and the instrument of trade.Settlement prices are often based on a par with contract price over a certain period, for example, during the trading period, from time to time using opening and closing prices in the calculation, although not all markets use the same formula.