The purpose of the Loss Carry Forward Reinstatement is for Owners of the Market Center to recover losses from prior periods due to a national emergency, natural disaster or normal market fluctuations resulting in a loss. A Loss Carry Forward Reinstatement allows a Market Center to override the profit share calculation during transmittal to offset operating profit with prior period losses.
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You will not request or input a LCF Reinstatement amount until such time the Market Center projects profitability for the month you are transmitting; i.e. you cannot offset owner profit you do not have. |
To apply for a LCF Reinstatement you must apply to your Region for approval. If approved, the Region will submit to KWRI for approval. A password with further instructions will be sent directly to the Market Center.
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WinMORE will continue to carry forward the LCF balance until such time it is exhausted by positive owner profit, or it is manually overridden with a LCF write-off.
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Loss Carry-Forward Impact Example:
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