Broker Day Rate

Gafta operates a ‘Day Value’ service, to enable companies to request a historical market price (day value) for a particular commodity. On receipt of your request, Gafta will contact its panel of brokers to see if a historical market price for a specific commodity on a given day can be established. Brokers will participate anonymously and will convene a panel to establish an agreed value from the range of data available.

To use this service, you must complete a Request Form.

On receipt of your request, Gafta will contact its panel of brokers to see if a historical market price for a specific commodity on a given day can be established. Brokers will participate anonymously and will convene a panel to establish an agreed value from the range of data available.

This service costs £50 (plus VAT, as applicable) for Gafta Members, and £100 (plus VAT, as applicable) for Non-Members. The fee will be invoiced when a value is agreed by the Panel, and prior to the issuing of a ‘Day Value’ certificate. In the event that a value cannot be provided, there will be no charge.

The historical market price is provided in good faith and represents the opinion of a selected Broker Day Rate Panel as to market price on a given day. It is given without any liability on the part of Gafta and should not be considered as the definitive market price. Please note that there may be occasions when the market price is not available, in which case the requesting company shall be advised that a price cannot be provided.