{
  "@context": "https://schema.org",
  "@type": "DefinedTermSet",
  "@id": "https://www.averiseglobal.com/en/fetp#fetp",
  "name": "Foresight-Enhanced Transfer Pricing (FETP)",
  "alternateName": "FETP",
  "description": "Foresight-Enhanced Transfer Pricing (FETP) is a method, developed by Ajit Jain, for designing and reviewing a transfer pricing policy against several plausible futures. It runs in four phases: Perceive, Prospect, Probe and Transform.",
  "url": "https://www.averiseglobal.com/en/fetp",
  "version": "1.0",
  "dateModified": "2026-11-13",
  "inLanguage": "en",
  "creator": {
    "@type": "Person",
    "name": "Ajit Jain",
    "url": "https://www.averiseglobal.com/en/about/ajit-jain"
  },
  "publisher": {
    "@type": "Organization",
    "name": "Averise",
    "url": "https://www.averiseglobal.com"
  },
  "citation": {
    "@type": "ScholarlyArticle",
    "name": "Introduction of Strategic Foresight in Transfer Pricing: Turning Uncertainty into Competitive Advantage",
    "author": "A. Kumar Jain",
    "isPartOf": "International Transfer Pricing Journal 2025 (Volume 32), No. 5",
    "datePublished": "2025-08-25",
    "url": "https://doi.org/10.59403/239nqky"
  },
  "hasDefinedTerm": [
    {
      "@type": "DefinedTerm",
      "@id": "https://www.averiseglobal.com/en/fetp#perceive",
      "name": "Perceive",
      "termCode": "perceive",
      "description": "Scan for signals of change in tax rules, audit practice, technology and the business model. Record each with its source and date.",
      "inDefinedTermSet": "https://www.averiseglobal.com/en/fetp#fetp"
    },
    {
      "@type": "DefinedTerm",
      "@id": "https://www.averiseglobal.com/en/fetp#prospect",
      "name": "Prospect",
      "termCode": "prospect",
      "description": "Build a small set of plausible futures from the open uncertainties, and map how functions, intangibles and risks could move in each.",
      "inDefinedTermSet": "https://www.averiseglobal.com/en/fetp#fetp"
    },
    {
      "@type": "DefinedTerm",
      "@id": "https://www.averiseglobal.com/en/fetp#probe",
      "name": "Probe",
      "termCode": "probe",
      "description": "Wind-tunnel the current policy: test each material position against every future.",
      "inDefinedTermSet": "https://www.averiseglobal.com/en/fetp#fetp"
    },
    {
      "@type": "DefinedTerm",
      "@id": "https://www.averiseglobal.com/en/fetp#transform",
      "name": "Transform",
      "termCode": "transform",
      "description": "Sort each position by how many futures it holds in, then set triggers and a response for those that depend on the future.",
      "inDefinedTermSet": "https://www.averiseglobal.com/en/fetp#fetp"
    },
    {
      "@type": "DefinedTerm",
      "@id": "https://www.averiseglobal.com/en/fetp#robust",
      "name": "Robust",
      "termCode": "robust",
      "description": "A position that holds in every future considered.",
      "inDefinedTermSet": "https://www.averiseglobal.com/en/fetp#fetp"
    },
    {
      "@type": "DefinedTerm",
      "@id": "https://www.averiseglobal.com/en/fetp#contingent",
      "name": "Contingent",
      "termCode": "contingent",
      "description": "A position that holds in some futures and not in others.",
      "inDefinedTermSet": "https://www.averiseglobal.com/en/fetp#fetp"
    },
    {
      "@type": "DefinedTerm",
      "@id": "https://www.averiseglobal.com/en/fetp#big-bet",
      "name": "Big bet",
      "termCode": "big-bet",
      "description": "A position that holds in one future only.",
      "inDefinedTermSet": "https://www.averiseglobal.com/en/fetp#fetp"
    },
    {
      "@type": "DefinedTerm",
      "@id": "https://www.averiseglobal.com/en/fetp#signal-register",
      "name": "Signal register",
      "termCode": "signal-register",
      "description": "The list of signals found in the Perceive phase, each with source and date.",
      "inDefinedTermSet": "https://www.averiseglobal.com/en/fetp#fetp"
    },
    {
      "@type": "DefinedTerm",
      "@id": "https://www.averiseglobal.com/en/fetp#scenario-set",
      "name": "Scenario set",
      "termCode": "scenario-set",
      "description": "The futures used in the exercise, usually four.",
      "inDefinedTermSet": "https://www.averiseglobal.com/en/fetp#fetp"
    },
    {
      "@type": "DefinedTerm",
      "@id": "https://www.averiseglobal.com/en/fetp#wind-tunnel-result",
      "name": "Wind-tunnel result",
      "termCode": "wind-tunnel-result",
      "description": "A grid of positions against futures, showing where each position holds.",
      "inDefinedTermSet": "https://www.averiseglobal.com/en/fetp#fetp"
    },
    {
      "@type": "DefinedTerm",
      "@id": "https://www.averiseglobal.com/en/fetp#position-card",
      "name": "Position card",
      "termCode": "position-card",
      "description": "A one-page record for a material transaction: the position, its assumptions, its class, the triggers to watch and the planned response.",
      "inDefinedTermSet": "https://www.averiseglobal.com/en/fetp#fetp"
    },
    {
      "@type": "DefinedTerm",
      "@id": "https://www.averiseglobal.com/en/fetp#trigger",
      "name": "Trigger",
      "termCode": "trigger",
      "description": "An observable event or threshold that signals a future is arriving and a position should be reviewed.",
      "inDefinedTermSet": "https://www.averiseglobal.com/en/fetp#fetp"
    }
  ]
}