A wash-out is a trade agreement where no physical trade actually takes place. Since both parties did agree on a set of contracts, the financial part needs to be processed without the logistical process of moving products.

You can process a wash-out in several ways in Qbil-Trade, the most common method is:

1. Create contracts against agreed prices.
2. Create a back-to-back order and link the purchase and sales contracts.
3. Finalize the orderline for the full contract weights.
4. Create a sales invoice and manually change the price per MT on 0 so you get a 0 EUR sales invoice (or the profit per unit/MT you make in difference if you don’t make a loss).
5. Change price of expected purchase to for example “50” per MT so you pay the difference (loss). If you are making a profit on the wash-out then the expected purchase costs are 0 and the difference is invoiced (see point 4).

This is how a wash-out is processed in Qbil-Trade.

Alternatively you could change the contract prices. The reason this method is not the prefered method is because usually Qbil-Trade users like to keep the contract pricing the same as it was on the printed or e-mailed document.