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08 September 2010

Beverage Service Industry Glossary
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OPEN POSITION (Coffee Market)
Relating to a traders position whether “long or short” of a market. Open position of the whole market is quoted by the exchanges.

OPTION (Coffee Market)
A system whereby the buyer  pays for the right to decide whether or not to take up a contract prior to date of termination.  Buyer of “put” or “call” has the right, not the obligation to sell or buy a futures contract at the strike price.  Seller of opt

ORIGINS (Coffee Market)
The countries in which the commodity is grown or produced.

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Beverage Service Association
Hartfield Place, 40–44 High St, Northwood HA6 1BN  
Tel:
01923 848 392   Fax: 01923 848 391
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