Warehouses and Presence: Processes

Based in Germany, METALPRODEX cooperates very closely with a network of independent warehouses at all major trade hubs globally. Metals can be traded through the warehouse closest to the end customer or simply through in-warehouse contracts, taking advantage of regionally developing price differences or logistics costs.

 
 Warehouse Processes

Processes of stock delivery, hold locks, ownership transfer, financial settlement and stock release are strictly governed by the respective paragraphs in the METALPRODEX Rulebook. When a customer desires to place certain stock on the METALPRODEX platform for sale, the warehouse will place a hold on this stock as per the seller's request. Once the stock has been traded on the METALPRODEX platform the hold will be released following financial settlement and ownership transfer.


Please also refer to the Warehouse FAQ page and the Rules & Regulations pages for further information.



 
 Hold and Release

METALPRODEX requires metal to be under a MTPX Hold (placed by the warehouse) before it can be traded online. Upon delivery into the warehouse the trader declares the number of lots that are to be traded on MTPX.

Following a successful match with a buyer the warehouse places a Conditional Release on the number of lots that are part of the new contract. Only after payment has been received on behalf of the seller from the buyer's bank, the warehouse converts the Conditional Release into a Final Release. At this point the buyer is free to remove the metal from the warehouse or trade it again on MTPX.


Schematic warehouse hold and release process.


Please also refer to the Warehouse FAQ page and the Rules & Regulations pages for further information.

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Product Specification

The products traded on MTPX follow standard specifications. Download the product specifications here.

Warehouses

Get familiar with warehouse locations, admission standards and processes.


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