Metals Repo Financing
We arrange private capital for metals inventory held under controlled custody. Our mandate is end to end. We underwrite the file, prepare lender materials, conduct targeted outreach, negotiate term sheets, and manage closing with counsel. The objective is a structure that clears credit and funds.
Snapshot:
GMRA or equivalent documentation, bonded storage with transferable receipts or warrants, top tier inspection tied to lot numbers, daily mark to market with margining, and defined exit routes. Typical first pass in 7 to 10 business days after full documents and cleared payment.
Where we add value
LME metals in deliverable form
Copper cathode, aluminium, zinc, nickel. Warranted or bonded with clear title and release control.
Named concentrates
Recognised brands with assay controls and identified smelter offtake.
In transit with control
Title over documents, cargo and war cover, collateral manager where required, and lender release rights.
Portfolio lines
Revolving eligibility against rolling lots with predefined haircuts and margin mechanics.
Facilities we arrange
| Classic repo under GMRA |
Purchase and repurchase with daily mark to market, negotiated haircuts, and lender controlled releases. |
| Warehouse receipt lines |
Revolving lines secured on bonded stock with collateral manager oversight and inspection. |
| In transit repo |
Funding against bills of lading and policy endorsements with tight release conditions. |
| Pre export or pre payment |
Advances linked to contracted offtake with assignment of proceeds and insurance. |
What makes inventory bankable
| Title and custody |
Transferable warehouse receipt or LME warrant in a bonded site with lender access and control. |
| Independent inspection |
SGS, Bureau Veritas, Intertek, or Cotecna. Reports tied to exact lot numbers and storage locations. |
| Valuation basis |
Exchange or benchmark references with clear logistics and quality adjustments. |
| Exit and liquidity |
Named smelters or fabricators and documented offtake. Evidence of prior sales supports advance rates. |
| Documentation |
GMRA or equivalent, governing law, events of default, insurance endorsements, and margin mechanics. |
Indicative haircuts and appetite
| Commodity and form |
Storage and evidence |
Typical LTV |
Notes |
| Copper cathode |
Warrant or bonded WR plus inspection |
65 to 85 percent |
Location and liquidity determine advance |
| Aluminium, zinc, nickel |
Bonded WR plus inspection |
60 to 80 percent |
Exchange linkage and deliverability matter |
| Concentrates |
Assay plus custody controls |
40 to 65 percent |
Moisture and penalties reduce advance |
| Powders, scrap, off spec |
Case by case |
Low or not eligible |
Exit is limited |
These ranges are directional. Final terms depend on custody, jurisdiction, inspection, and tradability.
Security package and controls
- Assignment of warehouse receipts or warrants with lender release rights
- Share pledge over SPV where applicable
- All assets charge on inventory and proceeds with filings
- Accounts structure with waterfall, DSRA where required, and variation margin
- Insurance with lender endorsements and verified claims process
Who we approach
Banks with trade and repo capability, specialist private credit funds, metals merchants with balance sheet capacity, collateral managers, and insurers. Targets are filtered by commodity, jurisdiction, ticket size, custody, and tolerance for in transit exposure.
Process and timeline
- Intake:
Provide the ask, commodity, storage location, and copies of title documents.
- KYC:
Sponsor and borrower screening. Invoice is issued after preliminary clearance.
- Underwriting:
Credit memo, risk map, and conditions precedent. First pass in 7 to 10 business days after full documents and cleared payment.
- Verification:
Warehouse call and independent inspection tied to lot numbers.
- Distribution:
Targeted lenders that actively fund the commodity and location.
- Term sheet and closing:
GMRA, margining, insurance, filings, escrow, and funds flow.
Documentation checklist
| Item |
Details |
| Title and storage |
Warehouse receipt or warrant, warehouse address, manager contact, and access letter |
| Inspection |
SGS, BV, Intertek, or Cotecna report matched to the lots or permission to survey |
| Valuation |
Benchmark references and logistics or quality adjustments |
| Exit and buyers |
Named buyers, offtake history, and prior invoices where available |
| Insurance |
Policy schedule with endorsements and claims process |
| KYC |
Sponsor identity, ownership, source of funds, and sanctions screening |
Mandate and fees
| Underwriting fee |
From $45,000 to $165,000 based on ticket size and complexity. Invoice after KYC. |
| Success fee |
2.0 to 3.0 percent of funded amount. Minimums apply. |
| Third party costs |
Client pays legal, inspection, collateral management, insurance, and filings. |
| Refunds |
Fees are not refundable once underwriting begins. |
FAQ
Do you accept storage outside bonded warehouses
We require bonded custody with transferable receipts or warrants and lender access.
Can you fund in transit cargo
Yes, subject to title over documents, policy endorsements, and release controls.
What is the typical timeline to a term sheet
Twelve to twenty four weeks from complete data and cleared payment. Closing depends on inspection and documentation.
Start your onboarding
Submit your intake form. After KYC, your invoice will be issued. Underwriting begins when payment clears.
Submit Intake Form
Financely is an arranger and advisor. We are not a lender and do not guarantee funding. All mandates are best efforts and subject to underwriting, KYC and AML, independent inspection, and legal review. Payments must only be made to bank details on our official invoice.