Alimentum Exchange Platform

ACTIVE DEALS

↑ 1 in negotiation

TOTAL COMMITTED

$394M

Across open deals

DOCS AWAITING

Review required

CERT STATUS

Verified

Alimentum Certified

TXN-0043 · Coking Coal — LOI awaiting SCO response

Issued 9 Jan 2025 · $59.1M · VN Trade Investments · no response yet

My Active DealsView all →

TXN-0041 · Copper Sulphide

Aeternis Capital × Shanxi Zhuotai

Congo → Qingdao · 10k T/mo

SPA Negotiation

$25.0M

Action required

TXN-0043 · Coking Coal

Aeternis Capital × VN Trade

Australia → Dung Quat · 500k T/mo

LOI Issued · Awaiting SCO

$59.1M

Jan 9, 2025

TXN-0044 · Copper Cathode

Shanxi Huiju Supply Chain

TBA → Qingdao · 100k T/mo

Draft SPA Issued

$310M

Mandate received

Your available actions

Issue LOI

Start a deal by issuing a Letter of Intent to a verified seller

Issue Draft SPA

After SCO received, issue first SPA draft to progress

Negotiate SPA

Review markups, approve clauses, reach final form

Spot Exchange

Browse live spot offers and execute immediate trades

Your place in the deal

BUYER LIFECYCLE

Issue LOI

You initiate · sets deal terms

Receive SCO

Seller responds · you review

Issue Draft SPA

You draft from SCO terms

Negotiate SPA

Both parties · you approve final

Execute SPA · complete closing

Your permissions

✓Create & issue LOI

✓Issue draft SPA

✓Approve final SPA

✓Trade on Spot Exchange

✗Issue SCO

✗Clear compliance holds

✗View other parties' deals

DEAL ID	COMMODITY	COUNTERPARTY	DESTINATION	VOLUME	VALUE	STAGE
TXN-0041	Copper Sulphide	Shanxi Zhuotai Aeternis Capital	Congo → Qingdao	10k T/mo	$25.0M	SPA Negotiation
TXN-0043	Coking Coal	VN Trade Investments Ben Ho	AUS → Dung Quat	500k T/mo	$59.1M	LOI Issued
TXN-0044	Copper Cathode	Shanxi Huiju Zhang Xiaohong	TBA → Qingdao	100k T/mo	$310M	Draft SPA

Order Book · Copper CathodeLME Grade A · $/T

VOLUME (T)	ASK PRICE	DEPTH
5,000	$2,560
10,000	$2,545
8,000	$2,530

— SPREAD $25 — MID $2,512 —

VOLUME (T)	BID PRICE	DEPTH
12,000	$2,505
7,500	$2,490
3,000	$2,475

My Recent Spot Activity

SPT-0012 · Copper Cathode

Bid matched · Shanxi Huiju

5,000 T · $2,500/T · CIF Qingdao

$12.5M

Matched

SPT-0008 · White Sugar

Bid pending · no match yet

25,000 T · $470/T · FOB

$11.75M

Pending

Spot vs Structured deal

Spot Exchange

Immediate availability · pre-certified sellers · standard terms · fast settlement · smaller volumes

Structured Deal (LOI → SPA)

Large volumes · bespoke terms · full SPA negotiation · custom logistics · long-term offtake

Copper Cathode · Grade AActive

COMMODITY

Copper Cathode

ORIGIN

Congo

VOLUME

10,000 T/mo

PRICE

$2,500 / T

INCOTERM

CIF Qingdao

PAYMENT

LC at sight

EN590 Diesel · ULSDActive

COMMODITY

EN590 Diesel

ORIGIN

TBA

VOLUME

318M L initial

PRICE

$565 / bbl

INCOTERM

FOB

PAYMENT

SWIFT MT103

INCOMING LOIs

Awaiting SCO response

ACTIVE DEALS

In SPA negotiation

ACTIVE LISTINGS

Copper Cathode · Coal

CERT STATUS

Pending

KYC in review

2 LOIs awaiting your SCO response

TXN-0043 (Coking Coal · $59.1M) and TXN-0047 (Sorghum · $236K) · respond to progress

Incoming LOIs — action required

TXN-0043 · from Aeternis Capital · Ben Ho

Coking Coal · 500,000 T/mo

Australia origin → Dung Quat, Vietnam

LOI Received · SCO Required

$59.1M

Jan 9, 2025

TXN-0047 · from Aeternis Capital · Yami Huang

Sorghum · 2,000 T/mo

Australia origin → Dung Quat, Vietnam

LOI Received · SCO Required

$236K

Feb 1, 2025

Active SPA negotiations

TXN-0041 · Copper Sulphide Concentrate

Review & approve SPA markups

Congo → Qingdao · Aeternis Capital

SPA Negotiation — Action Required

$25.0M

ScamScan: review

Your available actions

Issue SCO

Respond to a buyer LOI with your Soft Corporate Offer

Review Draft SPA

Mark up and comment on the buyer's SPA draft

Create Listing

Publish a new commodity offer to the exchange

Spot Exchange

Post spot offers and respond to live buyer bids

Your place in the deal

SELLER LIFECYCLE

—

Buyer issues LOI

You receive · review terms

Issue SCO

You respond · confirm availability

Review Draft SPA

Buyer drafts · you mark up

Finalise SPA

Both parties · reconcile terms

Execute · deliver · settle

Your permissions

✓Issue & amend SCO

✓Mark up SPA drafts

✓Create & publish listings

✓Post spot offers

✗Issue LOI

✗View other sellers' deals

✗Override compliance holds

Incoming Spot Bids · Your Commodities

SPT-BID-0041 · Copper Cathode

Bid from Aeternis Capital · Ben Ho

5,000 T · $2,500/T · CIF Qingdao

Awaiting your acceptance

$12.5M

Expires 12 Apr

SPT-BID-0038 · Coking Coal

Bid from Becky International · Jeffery Chan

100,000 T · $211/T · FOB Newcastle

New bid

$21.1M

Expires 14 Apr

My Active Spot Offers

SPT-0031 · Copper Cathode

10,000 T · $2,500/T

CIF Qingdao · Grade A · Active

$25M

2 bids

SPT-0028 · Coking Coal

500,000 T · $211/T

FOB Newcastle · Monthly

$105.5M

No bids yet

Financial reconciliation note · Updated from authoritative financial model (xlsx)

Business plan (Mk3) stated seed raise $1M and Year 2 EBITDA $2M. Financial model (authoritative) shows seed raise $1M confirmed · Year 2 EBITDA $10.2M · Year 3 EBITDA $49.2M. Figures below reflect the financial model. Seed allocation: Development 48% · Talent 23% · Legal 8% · Marketing 8% · Contingency 10% · Admin 4%.

TOTAL PIPELINE

$1.69B

22 active deals

SCAMSCAN FLAGS

1 escalated · 2 warning

KYC IN REVIEW

Pending delegate

DEALS SUSPENDED

TXN-0045 on hold

Priority ActionsAll alerts →

ScamScan ESCALATE — TXN-0041 SPA clause 7.3 requires upfront payment before shipment. Delegate review required.

9 Apr 2026 · 2 hours ago

TXN-0045 compliance hold — White Sugar suspended. Source of funds documentation overdue.

4 Apr 2026

3 onboarding applications awaiting legal delegate — Shanxi Huiju, VN Trade, Kam Tek Lee International.

3 Apr 2026

TXN-0044 (Copper Cathode · $310M) advanced to Draft SPA. ScamScan running. No flags.

Yesterday

Deal stages — platform overview

LOI ISSUED

SCO STAGE

DRAFT SPA

NEGOTIATING

SUSPENDED

TXN-0041 · Aeternis Capital × Shanxi Zhuotai

Copper Sulphide — ScamScan ESCALATE pending

SPA Negotiation

$25M

Blocked on flag

TXN-0044 · Shanxi Huiju Supply Chain

Copper Cathode — Draft SPA issued

Draft SPA

$310M

Compliant

TXN-0045 · Aeternis Capital

White Sugar — compliance hold active

Suspended

$11.75M

Admin hold

FY2026 · YEAR 1

$1.03M

Revenue: $1.03M
EBITDA: $507K
NPAT: $507K
Clients: 4 · Transactions: 2
Avg monthly turnover: $17M
Seed raise: $1.0M

50%

NPAT MARGIN · Break-even Q3 2026

FY2027 · YEAR 2

$12.3M

Revenue: $12.3M
EBITDA: $10.2M
NPAT: $10.1M
Clients: 12 · Transactions: 26
Avg monthly turnover: $205M
Commission: 0.5% avg

82%

NPAT MARGIN · Source: financial model

Note: Business plan (Mk3) stated $2M EBITDA. Authoritative figure is $10.2M per financial model.

FY2028 · YEAR 3

$53.2M

Revenue: $53.2M
EBITDA: $49.2M
NPAT: $46.2M
Clients: 52 · Transactions: 113
Avg monthly turnover: $884M
Dividend: $4.5M (fully franked)

87%

NPAT MARGIN · Source: financial model

Admin powers

Suspend Deal

Apply compliance hold at any stage

Clear Hold

Release after delegate review

Override State

Force transition after authorised review

Full Audit

Immutable trail for any deal or user

Onboarding

Approve, reject or assign KYC delegate

Spot Monitor

Oversee live spot market activity

Admin permissions

✓View all deals & users

✓Suspend / unsuspend any deal

✓Override stage after review

✓Assign / remove delegates

✓Monitor & pause Spot Exchange

✓Clear ScamScan escalations

✓Access full audit trail

DEAL ID	COMMODITY	BUYER	DESTINATION	VOLUME	VALUE	STAGE
TXN-0041	Copper Sulphide	Aeternis Capital Albert	Congo → Qingdao	10k T/mo	$25.0M	SPA Negotiation
TXN-0042	EN590 Diesel	Becky International Jeffery Chan	TBA → Pasir Panjang	318M L	$168.4M	SCO Received
TXN-0043	Coking Coal	Aeternis Capital Ben Ho	AUS → Dung Quat	500k T/mo	$59.1M	LOI Issued
TXN-0044	Copper Cathode	Shanxi Huiju Zhang Xiaohong	TBA → Qingdao	100k T/mo	$310.0M	Draft SPA
TXN-0045	White Sugar	Aeternis Capital Zhang Xiaohong	Brazil → Shenzhen	25k T/mo	$11.75M	Suspended
TXN-0046	Gallium	BlackRock Resources Albert	TBA → TBA	TBA	TBA	SCO Received
TXN-0047	Sorghum	Aeternis Capital Yami Huang	AUS → Dung Quat	2k T/mo	$236K	LOI Issued

SPOT OFFERS LIVE

3 commodities

ACTIVE BIDS

Awaiting match

MATCHES TODAY

$47.7M matched

SPOT SCAMSCAN

All clear

No flags today

All Spot Matches Today9 Apr 2026

SPT-0041 · Copper Cathode

Aeternis Capital (buyer) × Shanxi Huiju (seller)

5,000 T · $2,500/T · CIF Qingdao · ScamScan: PASS

$12.5M

Matched 09:14

SPT-0039 · Coking Coal

Becky International (buyer) × VN Trade (seller)

100,000 T · $211/T · FOB Newcastle · ScamScan: PASS

$21.1M

Matched 11:32

SPT-0038 · White Sugar

Sinomach (buyer) × TBA (seller)

25,000 T · $470/T · FOB Brazil · ScamScan: WARNING

$11.75M

Under review

Spot ScamScan

SPT-0041 · Copper Cathode

Identity, pricing, volume — all clear

PASS

SPT-0039 · Coking Coal

Pricing within 2.1% of index — clear

PASS

SPT-0038 · White Sugar

Seller identity partially unverified — hold pending

REVIEW

Exchange controls

Pause Commodity

Halt trading for a specific commodity type

Force Match Review

Hold a matched trade for manual review

Delist Offer

Remove a seller's spot offer from the board

Export Activity

Full spot log for compliance reporting

VERIFIED CLIENTS

↑ Alimentum Certified

IN REVIEW

Awaiting delegate

REJECTED / SUSPENDED

KYC failure

KYC Compliance Gates

🪪

Identity Screening

✓ ID Document · Utility Bill · DOB

🔍

PEP & Sanctions

✓ Multi-jurisdictional clear

👁

Biometrics

✓ On-chain proof anchored

💰

Source of Funds

⏳ 3 clients under review

⚖️

Legal Delegate Review

⏳ Tier one law firm assigned

🌐

Multi-Jurisdiction Check

✓ SG · Labuan · AU cleared

Client Applications

CLIENT	TYPE	JURISDICTION	KYC STATUS	DELEGATE	CERT
Aeternis Capital Yami Huang · Ben Ho	Broker	Australia	✓ Verified	Assigned · Tier 1	✓ Certified
Becky International Jeffery Chan	Buyer	Hong Kong	✓ Verified	Assigned · Tier 1	✓ Certified
Shanxi Huiju Supply Chain Zhang Xiaohong	Buyer	China	⏳ In Review	Pending assignment	⏳ Pending
VN Trade Investments Harry Tran	Seller	Vietnam	⏳ In Review	Assigned · reviewing	⏳ Pending

PLATFORM SCORE

/ 100 integrity index

SCANS TODAY

Across all active deals

HARD STOPS

No blocked transactions

WARNINGS OPEN

Require review

All ScamScan checks

TXN-0041 · Non-standard payment sequence in SPA draft

Clause 7.3 — requires upfront payment before shipment confirmation. Delegate review required before progression.

ESCALATE

9 Apr 2026

TXN-0042 · Pricing deviation from market index

EN590 Diesel offered at $565/bbl — 8.2% above Platts benchmark. Within review threshold but flagged.

WARNING

7 Apr 2026

TXN-0045 · Documentation incomplete · suspension active

Source of funds documentation not submitted within required window. Hold applied, deal suspended.

HOLD

4 Apr 2026

TXN-0043 · LOI terms consistency check passed

Coking coal LOI reviewed. Volume, pricing and delivery basis consistent with market data and counterparty history.

PASS

2 Apr 2026

All KYC checks · Aeternis Capital + Becky International

PEP screening, biometrics, sanctions list, source of funds — all passed. Alimentum Certification issued.

PASS

1 Apr 2026

Copper Cathode · Grade AActive

COMMODITY

Copper Cathode

ORIGIN

Congo

VOLUME

10,000 T/mo

PRICE

$2,500 / T

PAYMENT

LC at sight

CONTRACT

12 months

EN590 Diesel · ULSDActive

COMMODITY

EN590 Diesel

ORIGIN

TBA

VOLUME

318M L initial

PRICE

$565 / bbl

PAYMENT

SWIFT MT103

PORT

Pasir Panjang

ACTIVE MANDATES

$393.5M combined

INSTRUMENTS LIVE

SBLC · DLC · MT760

PENDING CONSENT

TXN-0041 · both parties req.

BRIDGES ACTIVE

SWIFT → CIPS resolved

Active mandatesView all →

TXN-0042 · EN590 Diesel · Becky International × TBA

Payment rail bridge — SWIFT MT103 → CIPS

Pasir Panjang · $168.4M · Instrument: MT760

Instrument Active Bridge: SWIFT → CIPS

$168.4M

Bridge confirmed

TXN-0044 · Copper Cathode · Shanxi Huiju

SBLC issuance — buyer bank unable to issue LC at sight

TBA → Qingdao · $310M · Issuing bank: HSBC Singapore

SBLC Issued Both parties confirmed

$310M

Compliant

Pending invitation — action required

TXN-0041 · Copper Sulphide · $25M — Invitation pending your consent

Aeternis Capital (buyer) · Shanxi Zhuotai (seller)

Congo → Qingdao · ScamScan: ESCALATE on clause 7.3

Invitation · Pending financier consent

$25M

Review now

Your available actions

Issue Instrument

Issue SBLC, DLC, MT760, RWA or payment guarantee

Procedure Bridge

Map incompatible buyer/seller procedures and declare resolution

Manage Rails

Configure SWIFT, CIPS, mBridge and SPFS connectivity

Attest Procedures

Formally confirm procedure compatibility to both parties

Your place in the deal

FINANCIER LIFECYCLE

—

Both parties agree

Buyer + seller nominate financier

Accept invitation

You review deal · consent to mandate

Procedure audit

Review buyer + seller procedures · identify gaps

Issue instrument

SBLC, DLC, MT760, RWA or guarantee

Bridge rail

Resolve SWIFT / CIPS / mBridge incompatibility

Attest & confirm

Formal declaration — procedures compatible

Close support

Monitor settlement · confirm receipt of funds

Your permissions

✓View invited deals only

✓Issue financial instruments

✓Declare procedure bridge

✓Confirm receipt of funds

✓Attest procedure compatibility

✗Issue LOI or SCO

✗View uninvited deals

✗Suspend or override deal stages

✗Access buyer / seller full SPA

DEAL ID	COMMODITY	BUYER / SELLER	VALUE	INSTRUMENT	RAIL BRIDGE	STATUS	ACTIONS
TXN-0042	EN590 Diesel	Becky Intl × TBA $168.4M · Pasir Panjang	$168.4M	MT760 · HSBC SG	SWIFT → CIPS	Confirmed
TXN-0044	Copper Cathode	Shanxi Huiju × TBA $310M · Qingdao	$310M	SBLC · HSBC SG	No bridge needed	Confirmed

TXN-0041 · Copper Sulphide · $25.0M — Pending your acceptance Invitation open

BUYER

Aeternis Capital · Ben Ho

SELLER

Shanxi Zhuotai

COMMODITY

Copper Sulphide Concentrate

ROUTE

Congo → Qingdao · 10k T/mo

DEAL VALUE

$25.0M

STAGE

SPA Negotiation

Procedure incompatibility flagged by ScamScan & both parties

Buyer→Requests MT103 + soft probe before POP. Unable to issue SBLC — no issuing bank relationship.

Seller→Requires DLC or SBLC before releasing SGS inspection. Will not accept MT103 alone.

Gap→Buyer has no instrument capacity. Financier required to issue SBLC on buyer's behalf and bridge settlement.

Consent status: Buyer ✓ consented · Seller ✓ consented · Financier — pending

SBLC — Standby Letter of CreditMT760 · REF: MDF-2026-0044-SBLC

Active Linked: TXN-0044

ISSUING BANK

HSBC Singapore · HSBCSGSG

BENEFICIARY

Shanxi Huiju Supply Chain

FACE VALUE

USD 310,000,000

VALIDITY

01 Apr 2026 – 30 Sep 2026

GOVERNING LAW

UCP 600 · Singapore law

DRAWING CONDITIONS

SGS inspection pass + BL presentation

MT760 — Bank GuaranteeSWIFT MT760 · REF: MDF-2026-0042-MT760

Active Linked: TXN-0042 Rail bridge active

ISSUING BANK

HSBC Singapore · HSBCSGSG

BENEFICIARY

EN590 Seller TBA

FACE VALUE

USD 168,400,000

VALIDITY

15 Mar 2026 – 15 Sep 2026

SETTLEMENT RAIL

SWIFT HSBCSGSG → CIPS participant

FX BRIDGE

USD → CNY at fixing + 0.15%

RWA Letter — Ready Willing AblePending MT — REF: MDF-2026-0041-RWA

Pending — Mandate acceptance required

LINKED DEAL

TXN-0041 · Copper Sulphide

PROPOSED VALUE

USD 25,000,000

INSTRUMENT TYPE

SBLC on buyer's behalf

STATUS

Awaiting mandate consent

TXN-0042 · EN590 Diesel — Active bridge Attested

Buyer procedure (Becky International)

Payment instrument: MT103 SWIFT TT · Wants soft probe confirmation before release of funds · Operating on SWIFT rails only · No CIPS account · USD settlement

Seller procedure (TBA · Singapore)

Requires MT760 bank guarantee before SGS inspection · Expects settlement via CIPS or correspondent to CNY account · Will not accept MT103 alone without guarantee backing

Bridge resolution — declared by Meridian Finance

Meridian issues MT760 guarantee (REF: MDF-2026-0042-MT760) against buyer's existing credit facility. MT760 satisfies seller's pre-shipment requirement. On SGS pass + BL presentation, buyer remits USD via SWIFT to Meridian correspondent. Meridian converts USD → CNY at daily fixing + 15bps and remits via CIPS to seller's CNY account within T+2.

SWIFT MT103 → Meridian bridge → CIPS USD → CNY · T+2

TXN-0041 · Copper Sulphide — Bridge template (pending mandate) Draft

Buyer gap identified

Buyer (Aeternis Capital) has no issuing bank relationship and cannot obtain SBLC. Seller (Shanxi Zhuotai) requires SBLC before releasing POP. Gap: buyer instrument capacity.

PROPOSED INSTRUMENT

ISSUING BANK

BRIDGE RESOLUTION STATEMENT

Common incompatibilities

Instrument capacity gap

Buyer cannot obtain LC/SBLC. Financier issues instrument on buyer's behalf against credit facility.

SWIFT → CIPS rail

Seller requires CNY settlement via CIPS. Financier acts as correspondent — USD in via SWIFT, CNY out via CIPS.

mBridge (ISO 20022)

Cross-CBDC settlement for BRICS corridor. Financier holds mBridge node access and routes payment accordingly.

Soft probe / RWA sequence

Seller wants RWA + MT799 before SBLC. Financier sequences: RWA → MT799 → SBLC → POP release.

SPFS corridor

Russian counterparty requires SPFS. Financier routes via permitted non-sanctioned correspondent.

RAILS ACTIVE

SWIFT · CIPS · mBridge · SPFS

CORRESPONDENT BANKS

6 jurisdictions

FX PAIRS COVERED

USD CNY EUR GBP AUD BRL

MAX INSTRUMENT

$500M

Per transaction limit

Active payment rails

SWIFT● Active

BIC: MRDFGB2L · Member since 2019 · MT103, MT202, MT760, MT799 · Correspondent: HSBC London, HSBC Singapore, Citi NY

CIPS● Active

CIPS Participant No: 0412 · Direct participant · CNY settlement · Correspondent in China: Bank of China, ICBC · Handles ISO 20022 message format

mBridge◐ Beta

mBridge node participant · CBDC cross-border settlement · USD, CNY, HKD, THB · Enables direct BRICS corridor settlement without correspondent chain · ISO 20022 native

SPFS◐ Restricted

SPFS access via non-sanctioned correspondent · RUB settlement for eligible transactions only · Sanctions compliance check mandatory before routing · Legal delegate review required per transaction

Correspondent bank network

HSBC Singapore

BIC: HSBCSGSG · USD · SGD · CNY

Primary

Citi New York

BIC: CITIUS33 · USD clearing

Active

Bank of China Singapore

BIC: BKCHSGSG · CNY · CIPS

Active

Standard Chartered Dubai

BIC: SCBLAEADXXX · AED · USD

Active

Itaú BBA São Paulo

BIC: ITAUBRSP · BRL · USD

Review req.

ICBC Luxembourg

BIC: ICBKLULL · EUR → CNY

Active