Pool Documents
Pool Application Agreement
The Pool Application Agreement adheres to our “designed for growers by growers” motto by giving growers the right but not the obligation to deliver physical grain into one of our 85:15 Commodity Pools should the pool in question close early to further receipts of grain; up to the date specified in the agreement.
Some traditional pools choose to offer incentive premiums to entice growers to commit grain to their pools prior to harvest and if growers fail to deliver on their commitment, a penalty charge or washout fee is incurred by these growers equal to half the premium value or more. Therefore, a sizeable gap exists between what growers anticipate they will receive if delivered and their actual results should they fail to deliver or cannot deliver due to unforeseen circumstances such as drought.
Commodity Pool Operations Limited offers no such incentives and has no such penalty charges or washout fees attached to its Agreement.
Simply put, growers who register their interest via the Pool Application Agreement prior to harvest are assured access to our 85:15 Commodity Pools; subject to Sections 4 & 7 of the Agreement.
The Agreement covers both physical deliveries and our Cash Allocation Option.
Commodity Pool Operations Limited - Pool Application Agreement
Product Disclosure Statements
Commodity Pool Operations Limited incorporates into its price appreciation strategies the use of derivatives contracts and has therefore prepared for growers a Supplementary Product Disclosure Statement (PDS) that outlines the specific features and operations of our 85:15 Commodity Pools.
The Supplementary PDS is an important document which should be read in full before making a decision to utilise any of our 85:15 Commodity Pools.
Commodity Pool Operations Limited - Supplementary PDS
For individuals requiring a more complete explanation of derivative contracts; their features, benefits and risks, Commodity Pool Operations Limited has included the following product disclosure statements from Commodity Broking Services.
Commodity Broking Services -
PDS Part 1 General Information
PDS Part 2 Dealing in Futures
PDS Part 3 Dealing in Foreign Exchange
Financial Services Guide
The Supplementary Financial Services Guide (FSG) explains how Commodity Pool Operations Limited is compensated for its efforts, any potential conflict of interest we may have, and our internal and external dispute resolution procedures.
This document should be read in conjunction with the Supplementary Product Disclosure Statement (PDS) supplied by CPOL.
Commodity Pool Operations Limited – Supplementary FSG
SOSG Program
SOSG is short for "Supporting Organisations that Support Growers" and is an integral part of how CPOL has chosen to spend its advertising dollars in 2009/10.
How it works is for every tonne received into one of our 85:15 Commodity Pools, a payment/donation of 55 cents per tonne will be paid by CPOL to either a grower organisation or local community service by the choice of the grower and on approval by the directors of CPOL. These payments/ donations are essentially our advertising costs through 'word of mouth' advertising, and are derived exclusively from CPOL's management fee. Given CPOL's management fee remains unchanged from 2009/09, growers returns are not affected by the introduction of this program.
The program’s aim is to provide support to organisations that help growers get a better deal for their efforts. This support from CPOL is by way of direct financial payments/donations to those organisations.
A key attraction of this program is growers have discretion as to where they direct these payments/ donations;
- if they want to direct these monies to a national growers organisation, that’s where they go.
- if they want to direct these monies to a regional growers support group, that’s where they go.
- if instead they want to direct these monies to a local community service or sporting club, then that’s where they go.
We believe by allocating our advertising dollars in this manner, a more beneficial outcome for all parties involved can be achieved; CPOL receives grain into its pools, growers have discretion as to where they direct these monies, and organisations receiving these monies get a beneficial boost to their fundraising efforts.
In addition to the SOSG Program, where a grower utilises a local grain marketer/broker, who is a participant in CPOL's IB (Introducing Broker) Program, a further 50 cents per tonne will go back into local communities, regardless whether the local grain marketer/broker retains the CPOL fee paid or rebates it to his/her grower clients.
In summary, for every tonne of grain committed to CPOL's 85:15 Commodity Pools, up to $1.05 per tonne from CPOL's Management Fee can potentially be returned to local communities through these two programs.