TERMS AND CONDITIONS FOR MEMBERSHIP AT THE GCX
An Associate Member(AM) is a:
a. Special membership for small holder farmers and traders
b. Can buy or sell for self only two non-complex commodities ( Maize, Rice, Soya, Millet, Sorghum)
c. Can settle commodities for self only
d. Trading right for twelve ( 12 ) months only after which upgraded to TM or BM.
1. An ASSOCIATE applicant shall submit this application form along with proof of the following requirements, (duly attested by the applicant), which are a part of the membership criteria:
a. Business registration certificate
b. Tax clearance certificate ( TIN number )
c. Residential address/postal address
d. National ID Card ( e.g. Voters registration/Passport/other )
e. Signed GCX Risk Disclosure form
f. GCX Basic membership training certificate
g. At least one ( 1 ) Floor representative
2. A Sign on and Processing Fee as specified herein the application form. In the case that this processing fee is not paid, GCX reserves the right to reject this Membership Application.
3. GCX reserves the right to accept or reject any Membership Application, or amend the Terms and Conditions without assigning any reason whatsoever.
4. Membership shall be subject to renewal every year on GCX applicable terms.