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On Track

What is 'On Track'

1. A type of commodities delivery for futures contracts that is deferred and priced according to the seller's location FOB.



2. A physical commodity that is already loaded on railroad cars or trucks and ready for delivery.

Explaining 'On Track'

1. In this form of contract, the buyer of the futures contract is agreeing to pay all associated freight costs for receiving the underlying commodity.



2. Commodities on track or on-track country station are ready to be transported to the necessary locations for the fulfillment of the contract obligations.


Further Reading


Tracking the Libor rate
www.tandfonline.com [PDF]
… Tracking the Libor post August 2007 … brings us back to our earlier point which is that we need objective-predictive ways to track the behaviour … Bankers Association, assistance in data collection by Susan Press and support from the Giannini Foundation of Agricultural Economics …

Financial intermediaries and monetary economicsFinancial intermediaries and monetary economics
www.sciencedirect.com [PDF]
… Tracking the Libor post August 2007 … brings us back to our earlier point which is that we need objective-predictive ways to track the behaviour … Bankers Association, assistance in data collection by Susan Press and support from the Giannini Foundation of Agricultural Economics …

Tracking the numbers: Across accounting and finance, organizations and marketsTracking the numbers: Across accounting and finance, organizations and markets
www.sciencedirect.com [PDF]
… Tracking the Libor post August 2007 … brings us back to our earlier point which is that we need objective-predictive ways to track the behaviour … Bankers Association, assistance in data collection by Susan Press and support from the Giannini Foundation of Agricultural Economics …

Track 1/track 2 symbiosis in Asia-Pacific regionalismTrack 1/track 2 symbiosis in Asia-Pacific regionalism
www.tandfonline.com [PDF]
… Tracking the Libor post August 2007 … brings us back to our earlier point which is that we need objective-predictive ways to track the behaviour … Bankers Association, assistance in data collection by Susan Press and support from the Giannini Foundation of Agricultural Economics …

Economic tracking portfoliosEconomic tracking portfolios
www.sciencedirect.com [PDF]
… Tracking the Libor post August 2007 … brings us back to our earlier point which is that we need objective-predictive ways to track the behaviour … Bankers Association, assistance in data collection by Susan Press and support from the Giannini Foundation of Agricultural Economics …

Tracking error and tactical asset allocationTracking error and tactical asset allocation
www.tandfonline.com [PDF]
… Tracking the Libor post August 2007 … brings us back to our earlier point which is that we need objective-predictive ways to track the behaviour … Bankers Association, assistance in data collection by Susan Press and support from the Giannini Foundation of Agricultural Economics …

Monitoring and tracking long-term finance to support climate actionMonitoring and tracking long-term finance to support climate action
www.oecd-ilibrary.org [PDF]
… Tracking the Libor post August 2007 … brings us back to our earlier point which is that we need objective-predictive ways to track the behaviour … Bankers Association, assistance in data collection by Susan Press and support from the Giannini Foundation of Agricultural Economics …

Tracking underreported financial flows: China's development finance and the aid–conflict nexus revisitedTracking underreported financial flows: China's development finance and the aid–conflict nexus revisited
journals.sagepub.com [PDF]
… Tracking the Libor post August 2007 … brings us back to our earlier point which is that we need objective-predictive ways to track the behaviour … Bankers Association, assistance in data collection by Susan Press and support from the Giannini Foundation of Agricultural Economics …



Q&A About On Track


How do you receive an On Track commodity?

The buyer of the futures contract agrees to pay all associated freight costs for receiving the underlying commodity.

Where are commodities on track delivered from?

Commodities on track are delivered from the seller's location FOB (Free on Board).

What does On Track refer to?

It refers to a physical commodity that is already loaded on railroad cars or trucks and ready for delivery.

What does FOB mean in this context?

Free on Board means that the seller has paid all transportation charges up until the point where ownership transfers to the buyer. This includes any duties, taxes, or other fees required by law at both ends of transport. The seller must also have insurance coverage during transit. The risk of loss passes when ownership transfers under this term; however, responsibility for damage remains with the seller until final delivery at destination point.

What is On Track?

A type of commodities delivery for futures contracts that is deferred and priced according to the seller's location FOB.

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