ELECTRONIC SILO CERTIFICATES NEWS FLASH

Senwes and Afgri will only issue electronic silo certificates from 01 February 2007 and ESC will provide a facility to convert to paper silo certificates if required

An electronic certificate can be printed out and a copy is auto-faxed to the owner on receipt by the register. Electronic can be printed out in paper yet that copy is not legally tradeable, it is a paper confirmation only. However, instances will occur where an owner will want a legally tradeable paper certificate.

All silo certificates will only be issued or accepted back by Senwes and Afgri in an electronic format.

If a grain owner wants to request a tradeable paper certificate, the certificate will first be issued in an electronic format by the silo operator and thereafter the grain owner will request for conversion to a legal paper certificate through ESC. The certificate owner is to be registered with ESC and thereafter complete a separate once-off “Paper conversion” application form.  There are no ESC charges for this conversion from electronic to paper and later from paper to electronic format. Once the participant is registered for paper conversions, instructions need to be sent to ESC for a conversion request. The converted paper certificate is merely issued by ESC on behalf of Senwes/Afgri and the existing Silo Operator’s terms and conditions are still applicable. 

Legal paper certificates can be collected daily at ESC in Sunninghill and on demand; ESC will send paper certificates weekly to the Silo Operators’ Head Office for collection, alternatively in Klerksdorp/Bethal.  All ESC-issued paper certificates must be delivered back to the ESC office in Sunninghill for cancellation with written instructions attached.  ESC-issued paper certificates can also be converted back to the original electronic format by delivering the certificate back to ESC.

This applies to both Safex and non-Safex silo certificates and effectively the function of printing and managing these paper certificates have been transferred to ESC as Senwes and Afgri have developed an integrated back office that focuses on the secure electronic environment.

*Account application forms are available at www.silocerts.co.za (under Document Pack), by calling ESC on (011) 797 5591, or sending an email to support@silocerts.co.za.  Completed forms must be faxed back to ESC on (011) 797-4233 or 0866 491 264.