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  • Financial security and clearing houses

     
     

    Financial security for the market is assured by the clearing house, which establishes and enforces rules and guidelines on the financial aspects of all exchange transactions. The clearing house checks, settles and reports each day's business and guarantees the fulfilment of each contract. This is assured through the payment of margins and the collection of all outstanding obligations from members within 24 hours. In addition members pay into a permanent guarantee fund, enabling the clearing house to assume financial responsibility if a member defaults.

    The clearing house also assigns tenders and re-tenders of deliverable coffee after ensuring each lot meets certain set standards of quality, storage, packing and so on.

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