Trading Metals

Two partners shaking hands at meeting in front of building> You are trading physical, base Metals from the LME (Copper, Aluminium, Zinc, …), Metals Concentrates from the mines (Copper Concentrates, Lead Concentrates, …) with multiple payable contents, Scrap Metals, Rare Earth, Ferro Alloys.

> You need to perform assay exchanges, to determine precisely the payable contents of each delivery by exchanging certificates of analysis by lots with your assayers and counterparts and be able to apply splitting limits and umpire rules to determine the provisional and final assays.

> You need to calculate precisely industry rules, like Payable Rules, Treatment Charges, Refining Charges, Price Participation, OverUnders, Scalaproratas in order to have accurate and precise P&L, position, risks and invoices.

> You need to transform your goods, by transporting them to smelters in order to blend and toll them and to make sure that the qualities delivered are under the scope of the transformation contracts.

> You need to control your position, at any time during the day by reporting and analyzing the metals and payable contents of your lots in inventory, in warehouse, afloat, your deliveries opened not yet sold, your forward position and your priced and unpriced lots.

> You need to control your risks as price, spread, premium, forex, treatment charges, refining charges variations may damage your profit. You need to real time monitor and control these variations and understand what are the impact on your P&L. Your counterparts may also suffer of the market variations you need to be able to control at any time if they reach their credit limits. You need to be able to hedge your exposures by using different instruments on the markets: LME, LBMA, SHFE, COMEX, MTLE, ECB, future outrights, future averages, futures spreads, options, forex trades.

> You need to control your P&L, which is complex as it comes from prices, spreads, premiums, industry rules, costs, financing and other commodities specificities, you need to easily calculate and report it at each end of day and provide to your financial controllers easy ways to reconcile your trading P&L with the accounting P&L at each end of month.

> You need an efficient way of producing offers, contracts by having a system that know most of your counterparts and markets information in order to produce “whatif” scenarios and produce from their Quick offers that can be easily transformed to Deal Tickets, Contracts and Orders to the Market.

> You need to be able to access the marketsby having daily the prices loaded to the system from your a trusted source of data: Reuters, Bloomberg, …

>Take Trading Decisions by having accurate reports showing you the quantities to be priced, the quantities to be hedged, the quantities to be delivered, the valuation of your different exposures and your options to be declared.

Commodities Engineering proposes you the best solutions to answer your requirements in providing software solutions and implementation services.

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Logistic

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Risks

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Accounting

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Treasury

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Financial Control

As a financial controller you are the line between trading, logistic, accounting, treasury, tax departments and you have to make sure that their activities tight and reconcile together, ...

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