eGrain, Inc. Information

The eGrain System is a secure, web-based system providing ELECTRONIC WAREHOUSE RECEIPTS, ELECTRONIC CONTRACTS and eLicensing for the grain Industry. Warehouse Receipts - A paper warehouse receipt system is cumbersome, costly, inefficient and require physical transfer between grain warehouses, grain owners and lien holders Electronic Warehouse Receipts (EWR) are electronically transferred and authorized by federal law and represent title documents which make them legally equivalent in every way to paper warehouse receipts. Business and regulatory rules that apply to the use of paper receipts, also apply to electronic warehouse receipts. Electronic warehouse receipts are widely accepted by banks and lending institutions as well as federal and state regulatory agencies. Electronic warehouse receipts are currently utilized for many purposes, including: • As collateral for loans from banks and other lending institutions • For intra-company transactions when relocating grain between warehouses • As collateral to cover margins and/or to meet financial requirements at futures exchanges • Transferring ownership through the delivery process at exchanges • For producer price support benefits with the USDA – FSA • Transferring ownership between warehouses, processors, ethanol plants and other end users Grain Contracts can be electronically created and settlements recorded by licensed grain dealers, eliminating the need to use pre-printed forms. eGrain can easily customize any grain contract to work on the eGrainsm System so warehouses can utilize electronic signatures with producers and other grain companies. Types of electronic contracts: • Price Later Contracts • Credit Sales Contracts • Basis Contracts • Deferred Payment Contracts eLicensing - To manage applications, renewals, transfers and payments for the various licenses used in the agriculture industry. eLicensing allows regulatory agencies and warehouse personnel to process license