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Pricing Modal

Effective 1 May 2006


Licence fees
Silo operator
License use of system fee
Nil*

Participant
License use of system fee
Nil

Issue
Issue cost levied directly by Silo Operator upon issue
R1,70/ton

ESC fee on the silo operator
ESC fees are carged upon issue of electronic/paper Safex and non-Safex certificates
R180/certificates

Transfer
Transfer/encumbrance between parties
Nil

Cancelation
Cancellation request
Nil

Other
Book over by SAFEX, including transfer to/from SAFEX Return of encumbraces, or encmbrance conversation to ownership.
Bona fide conversion of formats between paper and electronic and vice versa in the same denominations will not have an ESC fee applied.
Nil
Nil

Nil
* ESC does not levy any cost on participants but levies a once off per certificate fee of R180 to the silo operator upon of electronic/paper Satex and non-Satex certificates.
* The issue cost are leveled by the induvudual silo opewators.
* For participants, there are no additional system or joining fees, nor any transaction fees for transfers. This includes transfers between owners or certificates, from and to the silo operator, the banks and SAFEX.

Pricing Modal

Effective 1 February 2007


After receiving market feedback, ESC is pleased to announce a revised pricing structure effective 01 February 2007.

The major changes include reflecting a sliding scale in order to not prejudice smaller tonnage certificates; charges are upfront to avoid confusion and the change will not apply to legal paper certificates (where participants silo operators elect to continue managing legal paper certificates themselves and not use ESC to manage paper where they choose to become purely electronic, discussed below). In addition, certain innovations are planned including auto-paper confirmations and telephonic transfer ability through a dedicated call centre that leverages sms functions for authorisation.

Pricing

The current pricing model of a flat fee per certificate was introduced several months ago after prior feedback that the market found difficulty with the previous pet ton and per trade costing model, hence the move to a simple per certificate once off pricing. However, the current flat fee does not equitably deal with the small volumes certificates. Accordingly, the following charge will be implemented effective 1 February 2007:

Scale
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
>101 tons
R20
R40
R80
R180
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
Other
All fees will be charged on issue only with immediate effect (thus eliminating the charge on cancelation taken by some operators on non-SAFEX certificates that caused confusion).

ESC charges a participating silo operator based on certificates issued. Silo operators will determine how they engage with clients directly. The per ton issue costs levied by the individual silo operators are for the account of each silo operator, and is outside the scope of ESC. The silo operator still initiates, authorise and creates the electronic certificates and ESC then manages the post-issuing proses.

Pricing applies to SATEX and non-SATEX electronic certificates.

No system or registration fees to participants and end users.

Paper certificates and other points
No ESC fee will be charged to silo operators on the legal paper certificates issued by the silo operator themselves.

Individual silo operators will determine whether they wish to continue duel legal paper and electronic certificate system. Where a silo operator has determined that they wish to become completely electronic and not deal with legal paper certificates, ESC will make a facility available to manage legal paper certificates on their behalf. The silo operator will outscore their back office legal paper function to ESC. For silo operators who will become completely electronic, their certificates will first be in electronic format (and the electronic fee will apply), including where users wish to have a legal paper certificate (which will be materialised and later dematerialised by ESC for electronic delivery back to the silo operator).

New features to be included ate telephone based transfers and an option for auto-paper fax conformation on issue of an electronic certification. Although not legally tradable, the instant hardcopy tax on issue will greatly assist producers.

The proses of dealing with legal paper certificates originated from an electronic format will be circulated in due course and will be centralised for collection at ESC.

Conversion of formats between paper and electronic and vice versa in the same denominations will not have an ESC fee applied.

Roll over’s regarding marketing seasons for Safex certificates in the same denominations for the purpose of bringing storage up to date will not have an ESC fee applied.

The absolute independent and confidential nature of the information is guaranteed.

As most industry participants are aware, Notice A655A was circulated earlier this year announcing the JSE accepts and delivers electronic silo certificates in completion of futures contracts to all participants of the ESC system.


For more information about ESC please visit
www.silocerts.co.za,
e-mail support@silocerts.co.za or
call 0860 372372.

Pricing Modal

Effective 9 June 2008


Following from our new pricing announcement, dated May 19th 2008, we received spirited and valuable feedback from the various market participants. This feedback has prompted us to review our position and the pricing announcement.

New pricing structure effective 9 June 2008:
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R20
R40
R80
R180
R400
R800
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)
*The new pricing structure will allow for the maximum of one thousand (1000) tons by the issued certificate.

Pricing will be effective from 9 June 2008 and will apply to all new Satex and non-Satex electronic certificates issued.

You will note that the pricing structure for certificates below 200 tons remains unchanged. We sincerely hope that this is viewed as a sign of our commitment to supporters and clients of ESC.

For more information about ESC please visit www.silocerts.co.za, email support@silocerts.co.za or call 0860 372372.

Pricing Modal

Effective 1 September 2012


Please be aware that effective 1 September 2012 the existing pricing structure for ESC will be changed.
We will be putting through a CPI based increase on our existing pricing of 6% (six percent).

Existing pricing structure
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R 20
R 40
R 80
R 180
R 400
R 800
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)


New pricing structure
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R 27
R 53
R 108
R 242
R 536
R 1,075
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)
*The new pricing structure will allow for the maximum of one thousand (1000) tons to be issued by certificate. This is effectively ten (10) times the maximum certificate size allowed for the trade on SAFEX.

ESC charges a participating silo operator based on certificates issued. Silo operators will determine how they engage with their clients directly. The per ton issue costs levied by the individual silo operators are for the account of each silo operator, and is outside the scope of ESC.

Pricing will apply to all new Safex and non-Safex electronic certificates issued.

For more information about ESC please visit www.silocerts.co.za, email support@silocerts.co.za or call 0860 372 372.

Pricing Modal

Effective 1 February 2017


Please be aware that effective 1 February 2017 the existing pricing structure for ESC will be changed.
We will be putting through a CPI based increase on our existing pricing of 6.5%.

Existing pricing structure
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R 27
R 53
R 108
R 242
R 536
R 1,075
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)

New pricing structure
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R 29
R 56
R 115
R 258
R 572
R 1,145
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)
*The new pricing structure will allow for the maximum of one thousand (1000) tons to be issued per certificate. This is effectively ten (10) times the maximum certificate size allowed for the trade on the JSE.

ESC charges a participating silo operator based on certificates issued. Silo operators will determine how they engage with their clients directly. The per ton issue costs levied by the individual silo operators are for the account of each silo operator, and is outside the scope of ESC.

Pricing will apply to all new JSE and non-JSE electronic certificates issued.

For more information about ESC please visit:
Web: www.silocerts.co.za
Email: support@silocerts.co.za
Tel: 0860 372 372

Pricing Modal

Effective 1 February 2019


Please be aware that effective 1 February 2019 the existing pricing structure for ESC will be changed.
We will be putting through a CPI based increase on our existing pricing of 5%.

Existing pricing structure
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R 29
R 56
R 115
R 258
R 572
R 1,145
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)

New pricing structure
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R 32
R 62
R 127
R 285
R 630
R 1,260
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)
*The new pricing structure will allow for the maximum of one thousand (1000) tons to be issued per certificate. This is effectively ten (10) times the maximum certificate size allowed for the trade on the JSE.

ESC charges a participating silo operator based on certificates issued. Silo operators will determine how they engage with their clients directly. The per ton issue costs levied by the individual silo operators are for the account of each silo operator, and is outside the scope of ESC.

Pricing will apply to all new JSE and non-JSE electronic certificates issued.

For more information about ESC please visit:
Web: www.silocerts.co.za
Email: support@silocerts.co.za
Tel: 0860 372 372

Pricing Modal

Effective 1 May 2020


Please be advised that as of 1 May 2020 the existing pricing structure for ESC will be changed. We will be applying a CPI based increase on our existing pricing of 5% (five percent).

Existing pricing structure
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R 32
R 62
R 127
R 285
R 630
R 1,260
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)

New pricing structure
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R 34
R 66
R 134
R 300
R 662
R 1,323
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)
*The new pricing structure will allow for the maximum of one thousand (1000) tons to be issued per certificate. This is effectively ten (10) times the maximum certificate size allowed for trade on the Johannesburg Stock Exchange Agricultural Commodity Derivatives Market (Formerly SAFEX).

ESC charges a participating silo operator based on certificates issued. Silo operators will determine how they engage with their clients directly. The per ton issue costs levied by the individual silo operators are for the account of each silo operator, and is outside the scope of ESC.

Pricing will apply to all new JSE and non-JSE electronic certificates issued.

For more information about ESC please visit:
Web: www.silocerts.co.za
Email: support@silocerts.co.za
Tel: 0860 372 372

Pricing Modal

Effective 1 May 2021


Please be advised that as of 1 May 2021 the existing pricing structure for ESC will be changed. We will be applying a CPI based increase on our existing pricing of 5% (five percent).

Existing pricing structure
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R 34
R 66
R 134
R 300
R 662
R 1,323
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)

New pricing structure
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R 36
R 69
R 141
R 315
R 695
R 1,389
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)
*The new pricing structure will allow for the maximum of one thousand (1000) tons to be issued per certificate. This is effectively ten (10) times the maximum certificate size allowed for trade on the Johannesburg Stock Exchange Agricultural Commodity Derivatives Market (Formerly SAFEX).

ESC charges a participating silo operator based on certificates issued. Silo operators will determine how they engage with their clients directly. The per ton issue costs levied by the individual silo operators are for the account of each silo operator, and is outside the scope of ESC.

Pricing will apply to all new JSE and non-JSE electronic certificates issued.

For more information about ESC please visit:
Web: www.silocerts.co.za
Email: support@silocerts.co.za
Tel: 0860 372 372

Pricing Modal

Effective 1 May 2022


Please be advised that as of 1 May 2022 the existing pricing structure for ESC will be changed. We will be applying a CPI based increase on our existing pricing of 4.5% (four and a half percent).

Existing pricing structure
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R 36
R 69
R 141
R 315
R 695
R 1,389
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)

New pricing structure
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R 38
R 73
R 148
R 330
R 727
R 1,452
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)
*The new pricing structure will allow for the maximum of one thousand (1000) tons to be issued per certificate. This is effectively ten (10) times the maximum certificate size allowed for trade on the Johannesburg Stock Exchange Agricultural Commodity Derivatives Market (Formerly SAFEX).

ESC charges a participating silo operator based on certificates issued. Silo operators will determine how they engage with their clients directly. The per ton issue costs levied by the individual silo operators are for the account of each silo operator, and is outside the scope of ESC.

Pricing will apply to all new JSE and non-JSE electronic certificates issued.

For more information about ESC please visit:
Web: www.silocerts.co.za
Email: support@silocerts.co.za
Tel: 0860 372 372

Pricing Modal

Effective 1 May 2023


Please be advised that as of 1 May 2023 the existing pricing structure for ESC will be changed. We will be applying a CPI based increase on our existing pricing of 6.8% (six point eight percent).

Existing pricing structure
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R 38
R 73
R 148
R 330
R 727
R 1,452
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)

New pricing structure
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R 41
R 78
R 159
R 353
R 777
R 1,551
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)
*The new pricing structure will allow for the maximum of one thousand (1000) tons to be issued per certificate. This is effectively ten (10) times the maximum certificate size allowed for trade on the Johannesburg Stock Exchange Agricultural Commodity Derivatives Market (Formerly SAFEX).

ESC charges a participating silo operator based on certificates issued. Silo operators will determine how they engage with their clients directly. The per ton issue costs levied by the individual silo operators are for the account of each silo operator, and is outside the scope of ESC.

Pricing will apply to all new JSE and non-JSE electronic certificates issued.

For more information about ESC please visit:
Web: www.silocerts.co.za
Email: support@silocerts.co.za
Tel: 0860 372 372

Pricing Modal

Effective 1 May 2024


Please be advised that as of 1 May 2024 the existing pricing structure for ESC will be changed. We will be applying a CPI based increase on our existing pricing of 5.3% (five point three percent).

Existing pricing structure
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R 41
R 78
R 159
R 353
R 777
R 1,551
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)

New pricing structure
Once off per certificate:
0-25.999 tons
26-50.999 tons
51-100.999 tons
101-200.999 tons
201-500.999 tons
501-1000 tons
R 44
R 83
R 168
R 372
R 819
R 1,634
(25 ton certificates fall into this category)
(50 ton certificates fall into this category)
(100 ton certificates fall into this category)
(200 ton certificates fall into this category)
(500 ton certificates fall into this category)
*(1000 ton certificate is the maximum size for a certificate)
*The new pricing structure will allow for the maximum of one thousand (1000) tons to be issued per certificate. This is effectively ten (10) times the maximum certificate size allowed for trade on the Johannesburg Stock Exchange Agricultural Commodity Derivatives Market (Formerly SAFEX).

ESC charges a participating silo operator based on certificates issued. Silo operators will determine how they engage with their clients directly. The per ton issue costs levied by the individual silo operators are for the account of each silo operator, and is outside the scope of ESC.

Pricing will apply to all new JSE and non-JSE electronic certificates issued.

For more information about ESC please visit:
Web: www.silocerts.co.za
Email: support@silocerts.co.za
Tel: 0860 372 372