Configure any product, hedge it the same day
A 4-step wizard that models any physical product your desk trades. Commercial quantity becomes contained metal, then hedgeable metal MT, automatically. Clone one of 27 worked examples or build yours from scratch.
Three outcomes traders and CFOs care about
The catalog turns informal, tribal hedging knowledge into shared, audit-ready infrastructure.
Eliminate spreadsheet VLOOKUPs
Hedge derivations live in shared, versioned configuration, not someone's Excel tab. One broken formula used to break the whole book. Now the book rebuilds itself.
Audit-ready derivation
Every catalog change is versioned with user, timestamp, and reason. Historical trade derivations replay against the exact catalog state they booked with. No reconstruction required.
Reuse rules across every trade
Configure any product once. The same conversion applies across every counterparty, contract, and shipment. No re-entering metal content per dealer or assay per shipment.
Configure any product in four steps
The same wizard handles refined metal, concentrate, scrap, and value-added products. Your commodity and family drive the rest. Figures default to industry typicals and override per shipment.
Classification
Pick the commodity, family, form, and grade. The form list filters by family. Scrap surfaces Zorba, Twitch, Tense. VAP surfaces Cable, Coil, Busbar.
Hedge method
Options filter by family. Concentrate locks to Assay × Payable. Refined Metal offers Direct MT. Scrap defaults to Metal Content %.
UOM & rounding
UOMs filter by family plus method. Wet MT prompts for moisture. Metal per unit asks for MT per unit. Rounding defaults to down so you never over-hedge.
Review & save
Enter a sample quantity. Watch the derivation compute in real time. Save to catalog when the numbers check out.
The three-layer derivation
Every trade flows through the same automatic math. Commercial quantity becomes contained metal. Contained metal becomes hedgeable metal. Your hedge desk gets a number it can act on.
Commercial qty
100 MT
Example: Zorba scrap as invoiced
Contained metal
45 MT
× 45% Al content (industry typical)
Hedgeable metal
45 MT
→ LME Aluminium hedge
Every physical product fits one of four families
Each family has a default hedge method tailored to how the product moves through the trade. Products can override when the physics demand it. Zamak alloy ingot, for example, lives in VAP with metal content %, not in Refined Metal with Direct MT.
Precise formulas, not heuristics
Each method precisely defines how commercial quantity maps to hedgeable metal MT. Choose the one that matches how the product is actually invoiced.
Direct MT hedge
1:1 weightHedgeable MT = Qty × UOM factor
Commercial weight equals base metal. The hedgeable figure is the commercial weight converted to MT.
Typical use: Refined metals. Ingots, cathodes, billets, wire rod sold by weight.
Metal content %
Gross × MC%Hedgeable MT = Qty × UOM factor × Metal content %
A known fraction of the gross weight is base metal. Hedge the physical exposure only.
Typical use: Scrap (zorba, twitch, tense, dross) and alloy VAP with specified metal content.
Assay × payable %
DMT × A% × P%Hedgeable MT = DMT × Assay % × Payable %
Assay % is the metal grade of the ore. Payable % is the fraction the smelter pays for. Both deductions apply.
Typical use: Concentrate contracts. Copper, zinc, lead, nickel.
Metal per unit
Qty × MT/unitHedgeable MT = Qty × Metal per unit
Sold by non-weight unit. Each unit carries a fixed metal load from the technical data sheet.
Typical use: Cable (MT/KM), conductor (MT/m), coils by count, scrap bundles by piece.
The before-and-after
- ×Hedge ratios in a VLOOKUP somewhere on the shared drive
- ×Every new product needs a new tab
- ×Assay × Payable kept in a separate Excel model by the concentrate desk
- ×Zamak ingot hedged as pure zinc. 4% over-hedged every shipment
- ×Zorba hedged at 100%. Over-hedged by 120%
- ×Galvanised coil hedged at gross weight. Over-hedged 30×
- ×No audit trail when numbers change
- Hedge rules configured once, used across every trade
- 4-step wizard configures any product. 27 worked examples ship as starters
- Assay × Payable built into the catalog's concentrate family
- The Zamak worked example is configured at 95.8% Zn metal content, cloneable in one click
- Zorba defaults to 45%. Each shipment overrides from the melt report
- Galvanised coil defaults to 3% Zn coating. Coating class overrides per SKU
- Every change versioned with user, time, reason
Supported UOMs and rounding rules
Commercial quantity arrives in many units. The catalog handles conversion consistently and deterministically.
Weight-based units
- MT
- Metric tonne. Global standard for base metals.
- KG
- Kilogram. Smaller lots and per-kg pricing.
- LB
- Pound. North American and Middle Eastern contracts.
- DMT
- Dry metric tonne. Concentrate pricing standard.
- Wet MT
- Physical as-received with moisture. Auto-converts to DMT.
Count, length, and area
- KM
- Kilometre. Cable and conductor by length.
- Meter
- Linear metre. Strip, foil, specialty conductor.
- SQM
- Square metre. Sheet and foil by area.
- Piece / Bundle / Drum
- Count with a known metal-per-unit load.
- Coil / Reel / Container
- Packed units with datasheet loading.
Rounding rules for lot conversion
Never over-hedge. Any fractional lot rounds to the nearest whole lot below. Standard for conservative hedge desks.
Closest whole lot. Rounds up from .5 or above. Appropriate for desks that balance over and under-hedge symmetrically.
Always cover. Any fraction rounds to the next whole lot above. Used where under-hedging is the bigger risk.
See the Product Catalog in motion
Book a live walkthrough. We'll configure a product from your own contract book, derive the hedge, and show how it flows to position management and MTM.