FCMA accounts are available to corporates, partnerships and other qualifying counterparties with a demonstrable commercial requirement to hedge metals exposure. Initial enquiries are handled by our onboarding desk under strict confidentiality.
FCMA serves commercial counterparties only. The list below is indicative of the types of organisations we onboard — final eligibility is determined through the standard onboarding process.
Mining producers, refiners, fabricators, recyclers and industrial buyers with annual physical metal exposure.
Corporate treasury, procurement and risk management teams managing forecasted metal cost or revenue exposure across multiple business lines.
Entities that meet the FCA's definition of a professional client or eligible counterparty, including those electing up under the per-se categorisation rules.
A specialist will respond within one business day. Initial discussions are exploratory and obligation-free — designed to establish whether FCMA is the right fit before any formal onboarding begins.
The onboarding timeline depends on entity complexity, jurisdiction and the documentation already in place. The four stages below describe the typical sequence.
Confidential discussion of the underlying exposure, current arrangements and objectives. Mutual confirmation that FCMA is an appropriate fit.
KYC, AML and corporate documentation review. Client classification under FCA rules. Hedging policy drafting or review.
Written hedging mandate finalised. Internal governance approvals secured. ISDA-aligned bilateral documentation executed where applicable.
First hedge executed against documented exposure with full pre-trade transparency. Reporting workflow active.
Onboarding can be expedited where the client has existing ISDA documentation, prior FCA-regulated counterparty relationships, or pre-approved internal hedging policies in place. Conversely, complex multi-jurisdiction structures may take longer.