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Metal Trade Financing Platform

Traditionally paper-based, we have been tasked by a consortium of firms representing traders, financiers, insurers, and logistics operating in the metals and minerals industry to digitalise their operations.

This included various execution aspects of the business such as: trade negotiation and pricing (for on/off warrant material, afloat or in warehouse, insured or contingent) dynamic pricing solutions for storage and insurance, APIs for automatic hedging and end of day settlements, APIs for in store stock monitoring and reconciliations, automatic rules and alerts for physical material verification of ownership, provenance and compliance and last but not least mobile solutions to speed up the trade execution, global position monitoring and reporting processes.

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The study resulted in a couple of solutions offered to the consortium, elaborated in collaboration and in consultation, out of which one set of recommendations were chosen to be follow up with. The study also resulted in a new digital framework supported by desktop/mobile applications to support the various improvement options.

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The final framework resulted in a digital decentralised and mobile-ready trade execution private network concept called "The Metal Chain". All consortium members and partners involved were very satisfied with the results and incorporated these lessons learned in their daily business operations.

Project in Numbers

Duration

1 year

Team of

6

Available

Worldwide

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