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Outline
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BEEFNET EXCHANGE
  • a centralized trading platform
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a marketing tool for the 21 century
  • Regularly scheduled internet auctions
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more efficient markets
  • IMPROVED PRICING  --- BEST BUYER MEETS BEST SELLER
  • IMPROVED LIQUIDITY
  • BACKOFFICE AUTOMATION
  • TRADE STANDARDS
  • SETTLEMENT AND CLEARING
  • DISPUTE RESOLUTION


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integrated trading platform
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cattle listing
  • STANDARDS FOR TRADE
  • DETAILED CATTLE DESCRIPTION
  • TABLES OF PREMIUMS AND DISCOUNTS
  • DISCLOSED TRADE PARTNERS
  • DELIVERY SCHEDULE
  • LOT LISTING FOR REVIEW PRIOR TO SALE
  • AUCTION TIME ESTIMATED FOR EACH LOT
  • SALE DATE
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auction protocols
  • BUYERS MUST BE REGISTERED MEMBERS
  • LOT AWARDED TO HIGHEST BIDDER
  • 8 SECOND COUNT DOWN BEFORE SALE AWARD
  • PASS OUT PENALTY FOR SELLERS
  • IMMEDIATE CONFIRMATION OF PURCHASE
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backoffice
  • EMAIL CONTRACTS TO BUYER AND SELLERS AT CONCLUSION OF SALE
  • TRADE DOCUMENTS PRESENTED ELECTRONICALLY
  • HANDS FREE DATA EXCHANGE
  • EMAIL FINAL SETTLEMENT SHEET
  • ELECTRONIC SETTLMENT AND CLEARING


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security
  • STATE OF THE ART FIREWALLS
  • LOG IN AUTHORITIES ASSURE CONFIDENTIALITY
  • FINANCIAL SETTLEMENT OCCURS THROUGH INSURED FDIC BANKS
  • COMPLETE LOGS OF AUCTION BIDS AND BUYER AWARDS


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membership
  • FREE MEMBERSHIP
  • SIGN UP ON WEB SITE
  • TERMS AND CONDITIONS OF SALE POSTED ON THE WEB SITE
  • TRADING FEES WILL VARY ACCORDING TO THE AUCTION BUT WILL BE DISCLOSED PRIOR TO SALE
  • CREDIT CONFIRMATION
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settlement and clearing
  • MONEY FLOW IS TRANSPARENT
  • ALL MONEY TRANSFERS WILL OCCUR USING AMERICAN CLEARINGHOUSE [ACH] TRANSACTIONS
  • MONEY WILL BE TRANSFERRED IN COLLECTED FUNDS
  • NEXT BUSINESS DAY SETTLEMENT
  • ALL ACCOUNTS WILL BE PROTECTED CUSTODIAL ACCOUNTS
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Beefnet cash commidity exchange