Senwes Scenario October/November | Page 76

GRAIN BROKERS Senwes Grain Brokers New JSE membership  By Frans Dreyer Manager: Senwes Graanmakelaars A REGULATORY STRUCTURAL CHANGE WAS NECESSARY Senwes Graanmakelaars (Pty) Limited (Graanmakelaars) was formally admit- ted as a member of the JSE Agricultural Derivatives Market on Monday, 20 August 2018. The JSE trading code allocated to Graanmakelaars, is SWGM. The separate positioning of Senwes Graanmakelaars as a member was required in accor- dance with certain amendments to the JSE rules in terms of which Senwes Graanmakelaars, acting on behalf of cli- ents, has to be an independent member of the JSE. The objective of the JSE rule amendments in this regard was to ensure that the interests of clients were protected by setting clear boundaries and making a distinction between the types of trading by specific members of the JSE. What are the roles of Senwes Limited (SWKM) and Senwes Graanmakelaars (Pty) Limited (SWGM)? Firstly you can rest assured that the regula- tory changes will not have any effect on the manner in which your hedging and trading have been done at Senwes over time. Senwes Market Access, which includes the grain marketing consultants (procurement) and the unique Basislink basis trading sys- tem, will still function under the (Senwes) SWKM-membership. The only difference is that roles will be divided in that SWKM will be a non-broking member of the JSE 74 and Senwes Graanmakelaars will fulfil the role of broking member. All existing JSE-accounts created under the SWKM- membership, will be transferred to SWGM (Graanmakelaars). There will be no change in the manner in which brokerage clients will obtain access to the market via their JSE-accounts. It is specifically confirmed that the fol- lowing will remain unchanged: • All personnel involved with Graanmakelaars will move to the new member SWGM and existing client/bro- ker relationships will not be affected; • Your brokerage fee structure will remain unchanged; • The same broker services will still be rendered; • The offices will remain within the Senwes Head Office in Klerksdorp, but physical access to Graanmakelaars will be controlled by means of access con- trol structures in future; • The current telephone numbers will remain unchanged. WHAT CAN SENWES GRAANMAKELAARS OFFER ME? Graanmakelaars provides access for all clients with a JSE-account to the different commodities available in the agricultur- al produce market. The bigger role of Graanmakelaars in respect of market access is to increase synergy and to cre- ate an opportunity for producers, consum- ers and speculators to hedge or to utilise potential market opportunities. Graanmakelaars also fulfils a sup- SENWES SCENARIO | SOMER • SUMMER 2018 porting role, in co-operation with market access analytical services, to compile market information reports on a daily basis. The reports are available on the Senwes website at no cost and clients can also subscribe to these daily reports via MySenwes (https://www2.senwes. co.za/af-ZA/MySenwes/Login/). However, the source which facilitates access to market information remains the Senwes Grainlink application where real- time market information and price updates are made available free of charge. Senwes Graanmakelaars also has its own Twitter profile which can be found by entering @SGBrokers on Twitter. Graanmakelaars is committed to ren- dering an excellent service, aimed at the client, within the bigger Senwes vision of non-negotiable commitment to ethical values. We are looking forward to being of service via our new JSE-membership. Should you have any further enquiries in this regard, please do not hesitate to con- tact us. Manager: Frans Dreyer [email protected] (018) 464 7786 Brokers: Marcel Lombard [email protected] 018 464 7722 Handre van Heerden [email protected] 018 464 7197 Bennie Scheepers [email protected] 018 464 7554