Why a standard?

• Faster negotiations
• Increased efficiency
• Buy and sell with minimal basis risk
• Fully comparable prices and transactions

GCHL's Standard Trading Agreement for Metals, STA-M, balances the needs of buyers and sellers. It has been developed in close collaboration with a wide range of market participants. It combines a single accepted set of standard terms and conditions, together with a range of metal quality specifications, origins and destination points, for international metal sales and purchases, allowing physical market participants to focus negotiations on what matters most: Price discovery