If you are not an Exchange Member, you may join the Agricultural Exchange Market only through a brokerage house - according to the path below.
Here you will find a list of brokerage houses that provide access to Agricultural Exchange Market . In order to use their services, please contact the selected brokerage house directly.
Brokerage houses that will provide access to Agricultural Exchange Market
Enter into an agreement for maintaining an exchange commodity account and related cash account with a selected brokerage house
In order to trade, you will need the e-RTRS code, which is a unique number identifying each trading participant. You will receive the code through the brokerage house.
Together with the e-RTRS code you will also get access to the e-RTRS application, where you can select an Authorized Warehouse, view the status of your goods recorded in the Authorized Warehouses as well as generate documents necessary to collect goods from an Authorized Warehouse.
You can place orders on the Exchange through the tools and means of communication provided by your brokerage house.
In the single-price trading, you may sell only grain stored in Authorized Warehouses designated by the Exchange. You deliver and store the goods until they are sold in the selected Authorized Warehouse at your own expense.
You can choose the Authorized Warehouse to which you enter your goods. The list of Authorized Warehouses can be found on the TGE website as well as in the e-RTRS application, where you can additionally check current availability of storage space in individual warehouses.
(Authorized Warehouses)
Agree a delivery schedule with the selected Authorized Warehouse and then deliver the grain to it. The Warehouse will assess its quality and determine the class in accordance with the standards indicated by the Exchange, and then record the grain accepted from you on your account in the e-RTRS system. The goods recorded in the e-RTRS shall be available for sale at a given trading session provided they are entered into e-RTRS not later than by 16:00 on the day preceding the session.
In the order:
The Exchange shall accept orders in accordance with the published session schedule. Once the order acceptance phase is complete, you will no longer be able to change or withdraw your order, and if it is executed, you will not be able to withdraw from your trade.
If a transaction is concluded, the payment for the goods sold will be transferred to your account on the first working day after the session*, in the amount corresponding to the quantity of wheat sold multiplied by the transaction price and increased by VAT.
In order to sell goods through an auction on the Exchange you must be a Participant of the Authorized Warehouse System not providing storage services. Here you will find information on how to obtain this status.
(How to become a participant in the SMA?)
Before applying for an auction, verify the quantity and quality of the goods (their class) that you want to put up for auction and register them in the e-RTRS
Pay and apply for the auction. In the application:
Potwierdź ilość i jakość oferowanego towaru poprzez wprowadzenie go do ewidencji w e-RTRS najpóźniej do godziny 16:00 w trzecim dniu przed aukcją.
Place a security deposit for the auction in the amount determined by the Commodity Clearing House, no later than by 12:00 on the second business day before the auction.*
After accepting the application, the Exchange will designate and publish information about the auction and its schedule. You can cancel the auction no later than on the second business day before its date set by the Exchange. You can change the price limit at the latest on the day of the auction, before it begins. From this moment you are finally bound by your sell order, and if it is completed, you will not be able to withdraw from the transactions.
If a transaction is concluded, payment for the goods sold will be transferred to your account on the 21st day after the session, in the amount corresponding to the amount of wheat sold multiplied by the appropriate transaction rate and increased by VAT. The condition for receiving the payment is, however, that you correctly settle the goods with the buyer. On the same date and subject to the same condition, the security deposit will be refunded.*
The list of instruments available in single-price trading and the session schedule can be found on the TGE website. Each listed instrument is assigned to a specific Authorized Warehouse and wheat class.
(Quotations and instruments)
In order to buy grain for a given session, you must provide funds for a transaction deposit in the amount covering the full gross value of planned orders, equal to the price limit multiplied by the amount of goods and increased by VAT. Funds must be paid no later than 16:30 on the day preceding the session.*
In the order:
The Exchange accepts orders in accordance with the published session schedule. After completing the order acceptance phase, you will no longer be able to change or withdraw your order, and if it is processed, you will not be able to withdraw from the transaction.
If a transaction is concluded, the purchased goods will be recorded in your e-RTRS account on the day of the transaction. From this moment you can dispose of it as the owner. The payment for the purchased goods will be charged to your account on the first day after the session*, in the amount corresponding to the amount of wheat bought multiplied by the transaction rate and increased by VAT.
Information about planned auctions, indicating their subject and date, is published on the TGE website and in the calendar available in the e-RTRS system.
(Agricultural Exchange Market announcements)
In order to buy grain at a given auction, you must provide funds for a transaction deposit in the amount covering the full gross value of planned orders, equal to the price limit multiplied by the quantity of goods and increased by VAT. Funds must be paid no later than 16:30 on the day preceding the auction*.
You can place a buy order and then change or withdraw it only on the day of the auction, within the hours of accepting orders indicated in the auction schedule published by the Exchange. In the order:
After completing the order acceptance phase, you will no longer be able to change or withdraw your order, and if it is processed, you will not be able to withdraw from the transaction.
If a transaction is concluded, the purchased goods will be recorded in your e-RTRS account on the day of the transaction. From this moment you can dispose of it as the owner. Payment for the sold goods will be charged to your invoice on the first day after the auction*, in the amount corresponding to the amount of wheat bought multiplied by the transaction rate and increased by VAT.
The participant of the Authorized Warehouses System operating the Authorized Warehouse in which the purchased goods are stored is fully and exclusively liable for the release of the goods to the owner indicated in e-RTRS.
Contact the Authorized Warehouse in which the goods you purchased are located in advance to agree on the pickup schedule. The warehouse is obliged to allow you to collect the goods within 21 days of the transaction. Contact details can be found on the TGE website and in the e-RTRS application.
Generate in e-RTRS a document enabling collection of goods, choosing the right warehouse, class and quantity of the goods you want to collect. Goods intended for pickup will be blocked on your account.
In accordance with the agreed schedule, provide means of transport for collecting grain and present to the Authorized Warehouse for verification generated document in e-RTRS collection.
You can request samples of the grain issued to be tested in the Authorized Warehouse laboratory for compliance with the standard specified for a given wheat class. You can also do such a test at your own cost in a laboratory of your choice. If a given batch of grain does not meet the relevant standard, ask the Warehouse to deliver another suitable one.
In the event of irregularities in the release of goods by the Authorized Warehouse, which could not be resolved amicably, inform the Exchange about them via the e-RTRS application.
The participant of the Authorized Warehouses System operating the Authorized Warehouse in which the purchased goods are stored is fully and exclusively liable for the release of the goods to the owner indicated in e-RTRS.
Contact the Authorized Warehouse in which the goods you purchased are located in advance to agree on the pickup schedule. The warehouse is obliged to allow you to collect the goods within 21 days of the transaction. Contact details can be found in the e-RTRS application.
Generate in e-RTRS a document enabling collection of goods, choosing the right warehouse, class and quantity of the goods you want to collect. Goods intended for pickup will be blocked on your account.
In accordance with the agreed schedule, provide means of transport for collecting grain and present the receipt document generated in e-RTRS to the Authorized Warehouse for verification.
You can request samples of grain issued to be tested in the Authorized Warehouse laboratory for compliance with the standard specified for a given wheat class. You can also do such a test at your own cost in a laboratory of your choice. If a given batch of grain does not meet the relevant standard, ask the Warehouse to deliver another suitable one.
In the event of irregularities in the issue of goods by the Authorized Warehouse, which could not be resolved amicably, send a notification to the Exchange using the form published on the Exchange website within 18 days of the auction. If the irregularities concern the quality of the goods made available, attach the goods examination certificate in the Warehouse laboratory or in the appeal laboratory. If your objections to the receipt of the goods are considered justified, you will receive a refund for undelivered goods and a deposit paid by the seller.