Commodity Derivatives Market

The JSE Commodity Derivatives Market provides a platform for price discovery and efficient price risk management for the grains market in South and Southern Africa. Through a licensing agreement with the CME Group, the market also offers a range of foreign-referenced Derivatives on both Soft and Hard Commodities.

The use of Derivative Instruments through Futures and Options Contracts provides market participants with the ability to manage their price risk in the underlying physical market. You could find it useful if, for instance, you are a maize producer or wish to mitigate against a rise in the diesel price.

commodity-derivativesClearing and Settlement

By trading on a formal exchange which connects buyers and sellers, not only is price discovery achieved in a transparent fashion, but all transactions are guaranteed through the derivatives clearing structure.

The physically settled Commodities rely on warehouse receipts to facilitate the delivery process. The warehouse receipts are utilised by financial institutions which offer financing to clients who own the receipts. Derivative Contracts also enable institutions to fund input costs to producers who hedge their price risk and in so doing encourage sustainable production.

The cash settled Commodities, like gold and crude oil, reference highly liquid international markets for the final cash settlement value, thereby providing all participants with the assurance that the local settlement price is not open to any abuse.

 Related Documents

 

 

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Trading Dates Cash Settled Grain ContractsTrading Dates Cash Settled Grain Contracts23522https://www.jse.co.za/content/JSETradingDatesandCalendarsItems/Trading Dates Cash Settled Grain Contracts.pdfpdf
Trading Calendar EURONEXT Milling Wheat ContractTrading Calendar EURONEXT Milling Wheat Contract107742https://www.jse.co.za/content/JSETradingDatesandCalendarsItems/Trading Calendar EURONEXT Milling Wheat Contract.pdfpdf
Trading Calendar for Beef CarcassTrading Calendar for Beef Carcass230500https://www.jse.co.za/content/JSETradingDatesandCalendarsItems/Trading Calendar for Beef Carcass.pdfpdf
Options Close Out ProcedureOptions Close Out Procedure242246https://www.jse.co.za/content/JSEAgreementApplicationandRegistrationItems/Options Close Out Procedure.pdf4/12/2016 10:00:00 PMpdf
Report Only TemplateReport Only Template138240https://www.jse.co.za/content/JSETemplateItems/Report Only Template.xls3/29/2016 10:00:00 PMxls
DOT trade typeDOT trade type266224https://www.jse.co.za/content/JSEAgreementApplicationandRegistrationItems/DOT trade type.pdf3/21/2016 10:00:00 PMpdf
SOT trade typeSOT trade type263100https://www.jse.co.za/content/JSEAgreementApplicationandRegistrationItems/SOT trade type.pdf3/21/2016 10:00:00 PMpdf
Net-offsNet-offs298723https://www.jse.co.za/content/JSEAgreementApplicationandRegistrationItems/Net-offs.pdf3/21/2016 10:00:00 PMpdf
Application for Registration of OfficersApplication for Registration of Officers119532https://www.jse.co.za/content/JSEAgreementApplicationandRegistrationItems/Application for Registration of Officers.pdf3/1/2016 10:00:00 PMpdf
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Exchange For PhysicalsExchange For Physicals236488https://www.jse.co.za/content/JSEAgreementApplicationandRegistrationItems/Exchange For Physicals.pdf3/21/2016 10:00:00 PMpdf
Exchange For Risk TransactionsExchange For Risk Transactions232090https://www.jse.co.za/content/JSEAgreementApplicationandRegistrationItems/Exchange For Risk Transactions.pdf3/21/2016 10:00:00 PMpdf

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Downloadable filesDownloadable fileshttps://www.jse.co.za/downloadable-files?RequestNode=/Safex, https://www.jse.co.za/downloadable-files?RequestNode=/Safex
Commodities daily statisticsCommodities daily statisticshttps://www.jse.co.za/downloadable-files?RequestNode=/Safex/AMD_STATS, https://www.jse.co.za/downloadable-files?RequestNode=/Safex/AMD_STATS
Daily Mark-to-Market summary reportDaily Mark-to-Market summary reporthttps://www.jse.co.za/downloadable-files?RequestNode=/Safex/amdmtm, https://www.jse.co.za/downloadable-files?RequestNode=/Safex/amdmtm
Mark-to-Market statisticsMark-to-Market statisticshttps://www.jse.co.za/downloadable-files?RequestNode=/Safex/agriculture.stats, https://www.jse.co.za/downloadable-files?RequestNode=/Safex/agriculture.stats
Historical price historyHistorical price historyhttps://www.jse.co.za/downloadable-files?RequestNode=/Safex/PriceHistory, https://www.jse.co.za/downloadable-files?RequestNode=/Safex/PriceHistory