Operating model

Four disciplines,
one execution framework

AYYS structures commodity transactions from mandate to delivery. Our operating model integrates sourcing, trade finance, logistics and market intelligence into a single disciplined framework — removing the friction between counterparty identification and final settlement.

01 — Sourcing & Trading

Direct access to upstream producers

AYYS sources metals directly from upstream producers — mines, smelters, refineries and certified processing facilities. We do not intermediate from aggregators or brokers. Every flow is documented from origin to delivery, with producer identity and extraction site on record before any transaction is confirmed.

Our mandate model is engagement-first: buyers submit a sourcing brief, our desk identifies matching supply, structures the commercial terms and manages execution. Spot, forward and offtake structures are available depending on volume and buyer profile.

MANDATE TYPES
  • Spot purchase — single shipment, fast execution
  • Forward contract — fixed price, scheduled delivery
  • Offtake agreement — multi-year volume at agreed basis
  • Tolling arrangement — material processing with ownership transfer
  • Trial parcel — 1–2 shipments to establish corridor
COVERAGE
  • Copper, Cobalt, Lithium, Nickel, Rare Earths, Precious Metals
  • Ferroalloys: FeCr, FeMn, FeNi, FeSi, Silicon Metal
  • Minor metals: Indium, Germanium, Gallium, Tungsten, Vanadium
  • Certified scrap grades — ISRI + assay basis, all major non-ferrous
Step 01

Mandate received

Buyer submits form, grade, volume, Incoterm and target pricing basis.

Step 02

KYC & onboarding

Buyer identity and compliance checks completed. UBO documented before any offer.

Step 03

Supply matching

AYYS desk identifies upstream availability. Seller KYC conducted in parallel.

Step 04

Term sheet issued

Indicative price, specs, Incoterm and payment terms presented within 24–48 hours.

Step 05

Execution & delivery

Contract, logistics, assay and settlement managed through to final delivery confirmation.

02 — Trade Finance

Payment structures that match commodity reality

Commodity transactions require financial instruments aligned with physical flows — not generic banking templates. AYYS structures payment terms around the actual risk profile of each corridor, counterparty and commodity form, from confirmed L/C at sight to TT with documentary control.

DOCUMENTARY INSTRUMENTS

Letter of Credit — MT700

SWIFT MT700 confirmed irrevocable L/C at sight. Issuing bank must be rated or confirmed by an acceptable correspondent. AYYS reviews all L/C drafts before issuance — terms aligned with contract and shipping docs to eliminate discrepancies at presentation.

  • Confirmed irrevocable L/C at sight — standard for first transactions
  • Standby L/C (SBLC) for approved repeat counterparties
  • Transferable L/C available for back-to-back structures
  • Typical documents: BL, COO, inspection cert, packing list, invoice
SETTLEMENT BASIS

TT & open account

Telegraphic Transfer against original shipping documents for counterparties with an established track record. Partial advance (10–30%) at contract signing with balance TT against documents for new relationships. Open account terms extended selectively to qualified industrial buyers with volume history.

  • TT against original docs — BL, COO, inspection cert
  • Partial advance + TT balance — for new corridors
  • Open account — approved buyers with 6+ month history
  • Escrow arrangements available for large single transactions
PRICING STRUCTURES

LME average, fixed & index-linked

Pricing matched to buyer hedging posture and seller exposure. Monthly average (MAMA) M+1 or M+2 is standard for base metals. Fixed-price contracts negotiated for volume offtakers with minimum 500 t/month. Index-linked pricing available for battery materials referenced to Fastmarkets, Benchmark Mineral Intelligence or COMEX.

  • MAMA M+1 / M+2 — LME monthly average, standard reference
  • Fixed price — volume commitment required, minimum 3 months
  • Index-linked — Fastmarkets, BMI, COMEX basis per material
  • QP (quotational period) negotiated per shipment for concentrates
RISK MITIGATION

Structured protections

AYYS embeds contractual protections at every stage. Independent pre-shipment inspection, umpire assay clauses, insurance on CIF terms, and force majeure provisions aligned with LME standard. All contracts governed by English law with ICC arbitration as default dispute resolution mechanism.

  • SGS / Intertek / BV pre-shipment inspection mandatory
  • Umpire assay clause — binding within ±0.05% tolerance
  • Marine insurance CIF — all-risks, Institute Cargo Clauses A
  • ICC arbitration — London seat, English governing law
03 — Logistics & Shipping

Controlled movement across complex corridors

AYYS manages logistics from load port to final delivery — vessel booking, freight forwarding, customs documentation, transit country compliance and last-mile coordination. We do not use single-provider freight arrangements. Each shipment is structured for the specific corridor, cargo type and regulatory environment.

For sensitive corridors (DRC, Iran, Kazakhstan transit), AYYS maintains active logistics relationships with bonded warehouses, freight forwarders with local presence and port agents at key export hubs: Dar es Salaam, Durban, Bandar Abbas, Aktau and Gdańsk.

TRANSPORT MODES
  • Bulk vessel — cathode, concentrates, large lot ferroalloys
  • Container — 20ft / 40ft for cathode, rod coils, drums
  • Breakbulk — oversized cargo, speciality forms
  • Road / rail — ex-mine to port, DRC–Tanzania–Zambia corridors
  • Air freight — high-value metals: PGM, REE oxides, special grades
DOCUMENTATION PACKAGE
  • Bill of Lading (OBL) or Sea Waybill — original set
  • Certificate of Origin (EUR.1, Form A, or FCO)
  • Inspection certificate (SGS/BV/Intertek) — weight + quality
  • Commercial invoice, packing list, dangerous goods declaration
  • Fumigation cert, phytosanitary cert where applicable
  • OECD conflict minerals declaration for DRC/Zambia origin
04 — Advisory & Intelligence

Market intelligence embedded in every mandate

AYYS Signal is our proprietary intelligence layer — market briefs, supply chain alerts and geopolitical analysis delivered to mandate clients. Advisory is not a separate service: it is embedded in the sourcing process. Buyers receive corridor risk assessments, pricing outlooks and supplier qualification reports as part of their mandate package.

MARKET BRIEFS

Weekly price & flow intelligence

LME/COMEX positioning, physical premium tracking, inventory data and forward curve analysis. Specific to the metals in each buyer's mandate portfolio. Updated every Tuesday and Friday.

CORRIDOR ALERTS

Supply chain disruption signals

Real-time alerts on logistics events — port closures, rail disruptions, customs changes, export quota adjustments. AYYS monitors 14 active corridors continuously with local agent networks in DRC, Zambia, Kazakhstan, Iran and Eastern Europe.

SUPPLIER QUALIFICATION

Upstream due diligence reports

Detailed reports on upstream producers — production capacity, ownership structure, certification status, past performance and compliance posture. Prepared before any new supply relationship is activated. Available to mandate clients on request.

Services — structured execution

Submit a sourcing mandate

Describe your requirement — metal, grade, volume, Incoterm, pricing basis and timeline. Our trading desk responds within 24 hours.

Request a mandate → View AYYS Signal