AspectCTRM for Metals

AspectCTRM delivers a complete and integrated solution for companies trading raw materials, refined metals and derivatives. The system is used by our customers to manage trading & risk management activities, across trading, risk, operations and financial operations. User-defined reports support risk management & operational activities tailored to each business’ needs.

Product Summary

AspectCTRM provides metal trading businesses with a solution underpinning the entire trading lifecycle. This includes modules for Trade Management, Risk Management, Financial Operations & Physical Operations. AspectCTRM for Metals is ready out-of-the-box and it takes only days to configure your portal and start managing trade activity.

AspectCTRM For Metals supports the trading of:

Physical Metal Types

  • Base Metals
  • Ferrous Metals
  • Ferro-Alloys
  • Precious Metals
  • Scrap

Trade Types

Physical:

  • Raw Materials (Concentrates & Iron Ore)
  • Coal
  • Refined Metals
  • Precious Lease Trades

Derivatives:

  • LME, COMEX, SHFE, OTC
  • Futures & Carries
  • Averaging Trades
  • European, American, Asian (TAPO) Options
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This screen shows Aspect’s LME Metals Card, featuring daily longs / shorts and cumulative totals by metal. Physical and Futures trades are easily captured into the system, and various reports (both standard – such as this one – and customized) are available to traders and risk managers.

Metals Trading Musts, From Pre-Trade Simulation to Risk Management

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AspectCTRM for Metals allows you to:

  • Manage invoicing and prepayments with no re-entry of data
  • Access company-wide inventory reports
  • Monitor consolidated risk management in real time
  • Capture and report profitability on deals, from contract to settlement
  • Report credit risks associated with new and existing customers
  • Report key performance indicators and metrics

Base Metals

AspectCTRM features rich functionality for capturing and managing the complexities required for base metals trading with complete administration and straight-through-processing support from trade capture to invoicing and hedging. Trade support includes:

Base Metals – Refined
  • Complex physical pricing based on operational dates
  • Automatic upload of LME prices & evening evaluations
  • LME trade capture (including blotters): LME Futures, Carry Trades, Averaging Trades, Futures Lookalikes
  • Multiple currencies supported
Base Metals – Concentrates
  • Moisture content and tracking wet and dry quantities
  • Capturing and tracking multiple payable metals contained in the concentrate, allowing each metal to be valued and MTM using a separate price curve and quotational periods
  • Anticipated assays and real assays
  • Recording and tracking treatment charges and value them against their own forward curve
  • Complex pricing and penalties
  • MTM for treatment charges, refining charges, penalties and more
  • Hedge with LME Futures, Carries & Averaging Trades
  • Drill down P&L reports to identify changes in P&L

Ferrous Metals

AspectCTRM supports Ferrous Metals trading. This includes physical (including assays & penalties for iron ore, freight linked to Baltic Exchange indices), and derivative contracts including iron ore, coking coal, steel and FFA swaps & options.

Precious Metals

AspectCTRM offers a complete standard system with customized functionality unique to precious metals trading to help you manage metal forwards, lease trades and exchange-traded precious futures and options, and also:

  • Set automatic mark-to-market (MTM) rules based on precious metal product and location
  • Create and manage inter-company trades
  • Perform precious metal forward curve bootstrapping
  • Manage options across ETO’s, OTC European and Asian options

Metal Derivative Trading & Hedging

AspectCTRM gives you the tools you need to manage price risks across your physical and derivative trading activities, ensuring your physical positions are hedged in line with your risk appetite. Continuously manage changing positions through Aspect’s robust real-time profit and loss, exposure and risk analysis functions and reports. AspectCTRM provides users with support for invoicing, broker reconciliation, VaR, stress testing and more.

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Aspect Enterprise Solutions offers very powerful reporting functionality. Users can easily create and customize their own reports using Aspect’s scripting language – here is an example of a customized base metal concentrate report.

Case Study: Orka

Learn why AspectCTRM oil and biodiesel customer, Orka NRG AG, expanded its use of Aspect Enterprise Solutions solutions to AspectCTRM for metals and the growing world markets for aluminum, zinc and other base metals as lightweight, high-strength alternatives to steel.

Read Case Study

Integrated Metals Pricing Data

Most AspectCTRM customers also subscribe to our AspectDSC Market Data & Analytics solution which allows for a seamless transfer of market prices to AspectCTRM to validate trades and update positions. AspectDSC delivers the metals industry with business-critical market news and data, benchmark price assessments and insightful market reports from leading sources like London Metal Exchange (LME), COMEX, Shanghai Futures Exchange, Dow Jones Metals Wire, Platts and Argus metals and steel indicators, and other key exchanges and sources.

Learn more about AspectDSC

AspectCTRM for Metals Resources

White Paper: Managing Price & Spread Risk For Refined Scrap Lead

Learn the basic principles of using hedging instruments to mitigate exposure to commodity price movements. View simple examples which illustrate: How hedging works to measure and manage spread risk, and “how AspectCTRM supports price risk management and hedging.”

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Analyst: Aspect Enterprise Solutions Broadens Its Focus: Successfully Expanding Into Metals & Agriculture

Read the blog post from CTRMCenter that says, “Aspect Enterprise Solutions has moved a long way beyond oil and liquid hydrocarbons ETRM in the cloud and can now boast a truly multi-commodity CTRM platform that supports an increasing number of commodities and customers.”

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Webcast: Metals Trading Musts, From Pre-Trade Simulation To Risk Management

Through a series of demonstrations which apply to all market sectors including ferrous, base and precious metals, you’ll learn how to avert risk and maintain full visibility of combined physical and derivative positions and risks.

Watch Webcast