BOLSA DE COMERCIO DE ROSARIO Institutional Presentation March
BOLSA DE COMERCIO DE ROSARIO Institutional Presentation March 2017
WHO WE ARE § Non-profit organization founded in August 1884. § More than 1000 members. § Main goals: § To promote the trading of goods, negotiable securities and financial assets. § To provide an adequate business framework with a focus on transparent, solid and reliable markets. § To foster legislation for the protection of private property, private sector initiatives and individual rights. 28/10/2020 - 2
BCR SECURITY HOLDING BCR Security Holding Rosario Grain Cash Market Rosgan (Livestock Cash Market) MAV (Security Market) 52. 4% Rofex (Futures Exchange Market) 6. 9% Rosval (Stockbroker) 42. 2% ACSA (Argentina Clearing) Rosfid (Rosario Trustee) 51% 5% 9. 6% 28/10/2020 - 5
MAV (Rosario Securities Market) § Founded in 1927 § The most important security exchange outside the Federal District § Focused on SME § It trades shares, bonds, deferred payment checks, carrying values, etc. § Volume in 2016: aproximately USD 1. 7 Billion § In 2015, it merged with the Mendoza Stock Exchange 28/10/2020 - 6
ROFEX (Rosario Futures Market) § 25 th in FIA 2016 world ranking of global derivatives markets by volume § 6 th in FIA 2016 world ranking of forex derivatives by volume § Products of its own § US Dollar, Euro, Real, Merval Index, GDP Coupon, Bonds Futures and Options § Soybean, Corn, Wheat; Index on Soy, Corn and Wheat; Soy, Corn and Wheat Basis; CBOT Soy and Corn; Gold; and Oil Futures and Options § Products through agreement with Merval and MAE and MAV § Stocks, Bonds, Trusts, etc. § 2016 volume § § Financial products ≈ USD 113. 3 Billions Agricultural Commodities ≈ 4. 92 MMT 28/10/2020 - 8
ROSGAN (Rosario Livestock Cash Market) § Founded in 2008, it is a joint venture between Rosario Board of Trade and 10 cattle brokers. § It trades between 25, 000 and 35, 000 heads of live cattle (bovine, equine, etc. ) in auctions held monthly. § Although all categories can be auctioned, demand is highly concentrated on breeding and feeder cattle. § 2. 15 million heads had been auctioned up to December 2016. 28/10/2020 - 9
ROSARIO CASH GRAIN MARKET § One of the biggest concentrated grain cash market in the world, a domestic and international reference. § As an over-the-counter market, sellers (trading houses and cooperatives) and buyers (exporters and processors) privately agree on every term of the contracts. § Near 50 MMT are registered in 128, 500 contracts (≈ 42% of the national crop). § There are 175 traders authorized to operate: 150 trading houses, 4 mills, 15 exporters and processors, and 2 cooperatives. 28/10/2020 - 10
WHY THE BIGGEST CASH GRAIN MARKET? § Production geographically concentrated: 47% of the crop production is located in a radio of 300 km around Rosario, next to the Parana River § A high export profile country: 80% of total production is shipped abroad § Export facilities next to the main production area: the Up River Parana Complex is the main exit point for overseas ships in Argentina Rosar io 28/10/2020 - 11
HIGH EXPORT PROFILE COUNTRY 28/10/2020 - 12
HIGH EXPORT PROFILE COUNTRY 80% of grain, proteinmeals, vegoils and biofuels exports are shipped from Up River ports 28/10/2020 - 13
EXPORT FACILITIES NEXT TO MAIN PRODUCTION AREAS Up River Parana 2016 exports were 66 MMT, 80% of the national agricultural total 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 1 2 Grains Vegoils Protein Meals Up River (1) Rest (2) 28/10/2020 - 14
WHY THE BIGGEST CASH GRAIN MARKET? Geographically, there is a highly concentrated agroindustrial capacity, investments are focused on the export market. § 80% of oilseed crushing industry (165, 000 t/cc/day) § 78% of biodiesel production industry (3. 55 Mt pc/y) 28/10/2020 - 15
ROSARIO CASH GRAIN MARKET What services does BCR provide? § Control of authorized traders - Registration of traders - security framework § Facilities for buyers and sellers to meet - Trading floor § Survey and publication of spot prices - Chamber prices § Generation and publication of market information - Transparency § Access to an arbitration court - Grain Arbitration Chamber for solving commercial conflicts 28/10/2020 - 16
WIDE RANGE OF SERVICES Arbitration Regime § Oils & Products Arbitration Chamber § General Court of Arbitration § Grain Arbitration Chamber Setting of Reference Grain Prices Quality determination Arbitrage and amiable compositeur 28/10/2020 - 20
WIDE RANGE OF SERVICES Complex of Laboratories Annual record of 4 million analysis Commercial analysis of grains Botanical analysis: detection of soybean rust, seeds Chemical analysis: water, fertilizers, glyphosate, soil, mycotoxin, wheat quality, products and byproducts, vegetable oils, cattle feed § Molecular genetics: varietal identification, GMOs § Microbiology: determination of salmonella § § 28/10/2020 - 21
WIDE RANGE OF SERVICES Education and training § Elementary, intermediate and advanced level courses and programs on topics related to instruments and markets of • Commodities • Securities • Financial instruments, specifically derivatives § In situ and online programs § Training Program for advanced university students (full scholarship) § 4, 000 students per year 28/10/2020 - 22
WIDE RANGE OF SERVICES Analysis and Research § Grain Production Estimates and Crop Condition. § Agro meteorological products (meteorological stations network). § National and international markets analysis through publications, papers, articles and conferences. § Online and printed newsletters on the commodity and securities markets (daily and weekly newsletters). § Updated website. 28/10/2020 - 23
diyee@bcr. com. ar THANK YOU 28/10/2020 - 24
- Slides: 18