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



Trading Dates Energy and MetalsTrading Dates Energy and Metals210392 Dates Energy and Metals.pdf9/26/2016 10:00:00 PMpdf
Trading Calendar for Beef CarcassTrading Calendar for Beef Carcass234162 Calendar for Beef Carcass.pdf9/14/2016 10:00:00 PMpdf
Trading Calendar DieselTrading Calendar Diesel83197 Calendar Diesel.pdfpdf
Trading Dates Grain ContractsTrading Dates Grain Contracts210249 Dates Grain Contracts.pdf8/3/2016 10:00:00 PMpdf
Trading Calendar EURONEXT Milling Wheat ContractTrading Calendar EURONEXT Milling Wheat Contract110297 Calendar EURONEXT Milling Wheat Contract.pdfpdf
Trading Dates Quanto FuturesTrading Dates Quanto Futures41622 Dates Quanto Futures.pdf7/25/2016 10:00:00 PMpdf
Trading Dates Cash Settled Grain ContractsTrading Dates Cash Settled Grain Contracts23522 Dates Cash Settled Grain Contracts.pdfpdf
Options Close Out ProcedureOptions Close Out Procedure242246 Close Out Procedure.pdf4/12/2016 10:00:00 PMpdf
Report Only TemplateReport Only Template138240 Only Template.xls3/29/2016 10:00:00 PMxls
DOT trade typeDOT trade type266224 trade type.pdf3/21/2016 10:00:00 PMpdf
SOT trade typeSOT trade type263100 trade type.pdf3/21/2016 10:00:00 PMpdf
Net-offsNet-offs298723 10:00:00 PMpdf
Application for Registration of OfficersApplication for Registration of Officers119532 for Registration of Officers.pdf3/1/2016 10:00:00 PMpdf
Exchange For PhysicalsExchange For Physicals236488 For Physicals.pdf3/21/2016 10:00:00 PMpdf
Exchange For Risk TransactionsExchange For Risk Transactions232090 For Risk Transactions.pdf3/21/2016 10:00:00 PMpdf

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