Manage your commodities from anywhere, anytime
TonnUp is an online commodity trading platform that dramatically reduces admin and paperwork, all the way from producer to consumer.
The best and most secure way to sell your grain is with TonnUp!
When you offer your grain for sale on TonnUp, it is seen by all buyers. You have the security of knowing that you are always in control and always protected. If you prefer, you can give your grain marketing agent the authority to act on your behalf on TonnUp.
Bids and Offers
Buyers on the other hand, i.e. miller and processors, will be able to bid regardless of whether or not there is already stock on offer, at all registered delivery points at a premium per ton basis. This is quite a big improvement on the current delivery system. A further plus for the buyer is that he is now in a position to bid for the preferred delivery location from where he can receive his grain should he be successful.
A Trade plus 2 working days (T+2) settlement cycle, further ensures that the usual delayed payments generally associated with cash markets are eliminated. This is another avoidance of counterparty risk.
While the silo owner continues to guarantee the quality and quantity of the physical stock on storage certificate, TonnUp will facilitate the cash-flow process such that sellers will receive their payment and buyers will receive their physical stock.
Trading of storage certificates will be possible every day and paperwork and all invoicing will be facilitated by TonnUp.
Customers can only trade from pre-funded accounts. All customer ZAR funds are held in segregated accounts, distinct from TonnUp’s operational accounts.
All our trading contracts are governed by the SAGOS 1 version 9 contract which was designed for the purchase and sale of grain, pulses, oilseeds and products derived therefrom. We use INCOTERMS 2010 or subsequent versions of INCOTERMS applied to the contract for the delivery of commodities.
TonnUp is committed to keeping its platform free from money laundering, terrorist financing and other illegal activities. TonnUp has invested significant resources into complying with local and international KYC (“Know Your Customer”) and AML (“Anti-Money Laundering”) guidelines and regulations.
No individual, not even our CEO, is able to single-handedly transfer storage certificates or funds. We always require multiple signatories on actions which have financial bearing on you.