Settlement and Clearing
Protecting all parties to a grain contract
Sellers retain grain until paid
Buyers retain funds until grain received
Settlement within 7 business days
Invoicing, payments, disbursements done
The freedom to transact with financial security
- All contracts created on the exchange are settled securely
- CGX secure settlement is facilitated by an independent custodian (Perpetual Limited) so CGX never has ownership of grain or funds
- CGX standard settlement terms are within 7 business days
- Applicable industry levies, end point royalties, and storage provider fees are automatically deducted and clearly itemised on your settlement confirmation
- All transfer instructions, settlement confirmations and notices are emailed to you and stored in your CGX account for easy reference
- Access APIs to make transactions and settlements even easier
- Any other grain contract can be settled by CGX secure settlement
Our independent custodian:
117,273 transactions have been securely settled totalling 24,639,564 mt and $9.30 billion.
Benefit from secure settlement on any grain contract
Buyers
- Gain instant payment credibility with sellers
- Efficient administration of contracts and payment
- Optional anonymity in the transaction and holding stocks
Agents
- Protect your growers from payment risk
- Buyer and seller anonymity in the transaction
- Efficient administration and fee collection
Growers
- Payment security for all or any of your grain contracts
- Efficient administration of contracts and disbursements
- Low cost and pay per use only
Storage Providers
- Provide a secure means for your storage customers to buy and sell grain
- Be more secure in collecting your storage and handling fees associated with a transaction
