CM-0514
Commodities
Warehouse receipts for a bulk commodity stored in tanks at a terminal, one token per tonne, each tied to a tank and an inspector's quality report. No yield: the holder owns the product and pays its storage.
56 of 96 lots placed · 37,600 tonnes on the register
TERMS IN PRACTICE
Typical yield
None · storage 0.32% p.a.
Min. ticket
25 tonnes (≈ $27,500)
Lock-up
None
Distributions
None
Settlement
T+0, DvP
Eligible investors
Verified trade and professional buyers
Vehicle. The terminal operator issues receipts to a bankruptcy-remote vehicle, which issues the tokens.
What a token references. A tank number, a quantity and a quality report from an independent inspector.
Costs. Storage is deducted monthly from the holder’s balance.
Redemption. The tokens are burned and the terminal releases the quantity to the holder’s appointed carrier; the release and the burn are matched the same day.
OTHER ASSET CLASSES
