Relevant to: Buyers
Navigation Tree: Transactions > Contracts > New Contract
The reference location is the market zone that the contract's 'primary location'* sits within. The reference location is used for two purposes:
1. Reporting e.g. filtering and viewing open contracts by market zone
2. Mark-to-market reporting.
A list of market zones can be found in the attachment on this article.
* The Primary Location is the delivery location that the commodity is to be delivered on the contract.