HOW TPCTI A.C.T.S. WORKS?
TPCTI is a new initiative in Philippines and the first
of its kind in the country. TPCTI has a unique partnership of market makers and
trading participants and its promoters.
TPCTI represents the forward commodity trading platform of the Philippines, bringing
integrity,
security, and efficiency to the market.
TPCTI creates opportunities for unparalleled growth in the commodity sector and
linked industries, such as transport, logistics, warehouses, cold storage, verification
companies, banking and financial services, and others.
TPCTI assures all commodity market players the security they need in the market
through providing a secure and reliable End-to-End system for handling, grading, storing
commodities, matching offers and bids for commodity transactions, and a risk-free
payment and commodities delivery system to settle transactions, while serving all fairly
and efficiently.
TPCTI creates trust and transparency through aggressive market data
dissemination to all market actors, through clearly defined rules of trading, warehousing,
payments, delivery and business conduct, and through an internal dispute settlement
mechanism.
TPCIT provides market integrity at three important levels: the integrity of the
commodity
itself, the integrity of the transaction, and the integrity of the market participants.
TPCTI will commence trading operations in May 2023. TPCTI will invite
prospective members from the different sectors; agricultural, mining, livestock, logistics
provider, verifiers, clearing houses, warehouse lessors, cold storage providers, banks,
cooperatives, non-government organizations and local government units.
The market players will benefit the way TPCTI will modernize the trading of it’s most
valuable assets, it’s commodities. Philippines needed a change from the traditional means
of trading to better support the needs of all those involved in the trading and production.
For the past decades, agricultural markets in Philippines have been characterized by high
costs and high risks of transacting. With small output reaching the market, commodity
buyers and sellers tended to trade only with those they knew, to avoid the risk of being
cheated or default. Trade is done on the basis of visual inspection because there was no
assurance of product quality or quantity, this drive-up market costs, leading to high
consumer prices.
For their part, small-scale producers/sellers, who produce most of country’s output, came
to market with little information and are at the mercy of merchants in the nearest and only
market they know, unable to negotiate better prices or reduce their
market risk.
TPCTI develops a tailored fit trading platform of exchange, transparent, fair and a
safer one for all who trade on it.
A marketing system that coordinates better, that links faster, and that protects the interests
of both sides of the trade. It is time for a marketing system that is transparent, efficient, and
innovative, that will take Philippines’ commodities into the new Millennium. Philippines,
once a commercial trading hub in antiquity linking markets of Asia, can again claim a place
in the Asian or even to global market
arena.
TPCTI is a marketplace, where buyers and sellers come together to trade, assured
of quality, delivery and payment. The VISION of TPCTI is to transform the
Philippines’ economy by becoming a global commodity market of choice. TPCTI's
MISSION is to connect all buyers and sellers in an efficient, reliable, and transparent
market by harnessing innovation and technology, and based on continuous learning,
fairness, and commitment to excellence.
TPCTI promotes and
enables the following market services:
20+
NEWS TRENDS
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