The current indicative ‘Advances Payments’ program for the Guaranteed Floor Pool and all other pools for the 2016 season is reported below. The program represents the average returns for all pools and pricing platforms for raw sugar supplied under the RSSA. Suppliers will be paid a proportional amount of QSL’s then current estimate of the forecast final weighted average pool price the Supplier will receive for raw sugar supplied under the RSSA, with one exception. The 2016 season will see the introduction of the Accelerated Advances Program for the Guaranteed Floor Pool whereby participants in that pool will receive 90% of the pool value by December 2016.
The QSL Board reviews the program periodically to determine whether increases to the program can be approved. The March and April 2017 advance rate increases outlined in the table below for the Guaranteed Floor Pool and the Other Pools were reviewed and approved by the Board at the February 2017 meeting. The next review of the program will be at the April meeting where the May and June 2017 advance rate increases will be considered.
The program below is indicative only in its entirety and should not be taken as a commitment by QSL with regard to either the advance rate or date of increase. The program may change during the season depending on movements in the marketing and shipping plans, sugar price and currency movements and timing of cash flows. Suppliers’ positions in relation to any pricing elections may also impact the timing and size of advance payments.