Matching the
interests of buyers
and sellers
Ferrochromium is now available on SoftMetal.
Market interest is transparently displayed and the best competitive deals are matched, taking into account both common and private value.
Other multi-element commodities with similar market structures will be available on SoftMetal soon.
Trade your complex materials instantly
Automated transactions for Encrypted Forwarder Receipts of physical metal.
SoftMetal provides participants with automated transactions of the “ENFERUM” (Electronic Non-Fungible Encrypted Receipt for Unit of Metal) representing physical metals that are stored in safe independent warehouses* and whose quality is certified by recognized international surveyors.
Sellers
- 1) Register with SoftMetal
- 2) Specify material for sale: quantity, approved warehouse and quality
- 3) Receive electronic receipts (ENFERUMs) for the stock confirmed by your warehouse. At this stage, your material is conditionally released to a potential buyer
- 4) Anonymously place offers for a given quantity of your material, choosing between setting a limit price or selling at market, and considering existing bids
- 5) Buyers’ bids for ranges of parameters corresponding to your offer will either be matched immediately or after accepting your price
- 6) Upon payment from the buyer, the warehouse will issue unconditional release
Buyers
- 1) Register with SoftMetal
- 2) Set preferred range of mineral composition, size and geographical location to see matching offers from sellers
- 3) Anonymously place a bid for a quantity within these parameters by choosing between a limit order and buying at market
- 4) Sellers’ offers for material within your range of parameters will either be matched immediately or after accepting your price
- 5) The warehouse will assign conditional release to you and, upon payment, you can either trade the material or get it released unconditionally
Warehouses
- 1) Register with SoftMetal
- 2) Respond to requests from customers to confirm availability of assets for trading
- 3) Keep specified material on hold as soon as electronic receipts are created on SoftMetal platform (issuance of conditional release)
- 4) Support title transfer for customers on SoftMetal, cancel electronic receipt on request and keep material for its current owner as before issuing electronic receipts
*All alloy stock transacted on SoftMetal is securely stored in approved independent warehouses. These locations must be authorized bonded warehouses with appropriate fiscal and regulatory systems. SoftMetal does not own or operate warehouses, nor does it own the material they contain. All approved warehouses are experienced with handling alloy products and maintain high standards of safety and storage.
Ferrochromium
Ferrochromium (FeCr), and alloys in general, have multielement mineral composition. Each mineral has its own value and individual importance, and each lot of metal has its own cost of production and value in use.
While Cr(omium) is the main element in ferrochromium and its content is the major contribution of FeCr price, other mineral components of alloy such as Fe(rrum), C(arbon), Si(licon), P(hosphorus), S(ulphur) can vary considerably.
The content of these minerals and CO2 footprint is typically within the range of:
Fe: 25% to 50%
P: 0.01% to 0.05%
C: 0.01% to 9.5%
CO2: Up to 10 MT / MT FeCr
Buyers define which alloy composition they are interested in purchasing.
Competing offers will be shown within the selected range.
Buyers can balance their preference for specific materials with competitiveness and liquidity.
Terms & Conditions
Each transaction requires irrevocable commitment described in SoftMetals T&Cs.
When a seller places an offer on the platform, they are bound to transfer the title to the buyer as soon as the bid matches the parameters of their offer. This commitment is similar to conditional release to yet unknown buyer, traditionally used for offline metal trading, but with the buyer yet to be matched by price and parameters.
When a buyer makes a bid on the platform, they are bound to promptly make payment in FIAT currency (USD).
To simplify the settlement process, SoftMetal will support crypto exchanges as soon as CBDC (Central Bank Digital Currency) or another appropriate cryptocurrency becomes feasible.
Full terms and conditions coming soon.
