Online Broking Platform Business Rules
Subject to change without notice

1. The online system is a brokerage system, not a clearing system.
2. It is the responsibility of buyers and sellers to manage their own bids and offers.
3. You have to confirm your bids and offers via the portal or via telephone at which time the terms of each deal will be specified and confirmed.
4. All brokered deals are bound by GTA trade and arbitration rules and such other terms that may be specified at the time the deal is confirmed.
5. The parties are bound by the terms of each confirmed deal regardless of any subsequent international or domestic price movements.
6. Payment terms are 30 days from end of week unless otherwise specified.
7. Both parties wear counter party risk, it is not the responsibility of the broking platform operator to arrange payment of any sort.
8. A wash-out may be resolved via your GBA broker. Should this occur, broking platform operator are not responsible for quality or price defaults by either party.
9. It does not cost either buyer or seller to use the system, other than grower membership fees as per the grower Membership Agreement.
10. The online system is not a clearing system: i.e. if you place an offer $300 and someone places a bid at $305 the online system will not broker. A party has to actually accept the others bid or offer.
11. No party can leave another with less than 100 tonnes. E.g. if a buyer puts up a bid for 1,000 tonnes they may have 2-3 sellers, but a seller would not be able to leave the buyer with say 99 tonnes, it would have to be 100 tonnes or greater.
12. If you put up an offer or a bid it is up to you to withdraw it, if you no longer want to purchase or sell.
13. It is your responsibility to ensure you enter the correct commodity, bin grade, season, tonnes, price per tonne, price basing point, delivery and the expiry date.
14. The drop down menu for price basing point has the BHC silo and BHC silo ‘ex-farm’. If you choose or accept the BHC ‘Ex-farm’ point, this refers to the grain being in the vicinity of the BHC silo on-farm.
15. All bin grade classification and quality parameters are the same as GTA commodity standards.
16. A bid/offer is a bid/offer for a minimum of 24 hours and up to 3 months. It is your responsibility to manage your bid/offer for all long term expiries.
17. On acceptance of a deal you are able to view your confirmed deal on-line. Should you not be able to view the confirmed deal, contact your broker.
18. ‘Shadow bids’ (i.e. bids for zero tonnes) placed by buyers have no binding effect as they are only for the information of account managers.