Deferred Price Buy No Advance
The delivery period/month and the appropriate delivered basis or premium are agreed upon. The final pricing will be set at any date in the future, against the agreed SAFEX Futures month, but must be completed before the expiration of that futures date.
Deferred Price Buy With Advance
Similar to the Deferred Price Buy No Advance, but includes an advance payment. The advance is calculated as a percentage of the SAFEX Futures month price minus the delivered basis. The producer is responsible for maintaining the variation margin if the SAFEX Futures month price falls close to or below the advance amount.
Fixed Basis
The delivery period/month, delivery point, and the delivered basis or premium are agreed upon. Final pricing is done at any date in the future, against the agreed SAFEX Futures month, but must be completed before the expiration of that SAFEX Futures month.
Pre-Season Buy (Future Price)
Pricing is set for delivery within the agreed time period based on the SAFEX Futures month (typically during the harvest period). The delivered basis and point of delivery can be finalized at a later date before delivery begins, which then effectively changes the contract to a Cash Buy contract.