MSE keeps a small permanent staff, so its commission is lower than the margin a trader would take. MSE runs the deal together with its own specialists, engaged for the specific mandate, and with your own staff. The experience your staff gain stays with you. Why MSE keeps a small staff
Where MSE stands in a transaction, and what stays with youFigure · one
A classical trading housestands between you and the end user · trades for its own book
the trader’s line · closed to you
Your marginThe trader’s margin · unknown to you
You
The trader
The end user
End users
Network
Know-how
Financing
You and MSEMSE beside you, from your gate to the end user’s · Art. 425-438 CO
Demand mapped · opportunity qualified · counterparty screened · the economics of the deal or the asset tested independently.
Contract
Price, delivery, quality and risk settled at signature · the vehicle, the permits and the structure built around the deal.
Bank
A structure the bank can finance, documentary or structured · the price hedged on the LME · in the principal’s name, for the principal’s account.
Insurer
Credit, political-risk and cargo cover placed · a quantified register of what is insured, what is retained and at what price.
Certifier
CBAM, ISCC EU and chain of custody built in from the start · the certificate travels with the cargo, the claim survives audit.
Terminal
The terminal that takes the cargo, holds it as collateral and releases it against documents · where physical commodity becomes a financial instrument.
Freight
Ocean, rail and road fixed as one chain · laytime, demurrage and on-time delivery under control from gate to gate.
Customs
Classification, origin, declarations · documents the bank and customs accept without dispute · through to clean settlement.
The end user
Market knowledge and buyers · sales strategy and tactics · selection and qualification · negotiation and contract · the account afterwards: CRM, claims, performance. Built in the principal’s name, it stays the principal’s.
Point at a station, or at the end user.Tap a station, or the end user.
Through a trader the whole line is closed to you: the end user, the network, the know-how and the financing end with the trader - and so does much of the margin.
Under an MSE mandate it all stays with you. MSE walks the whole line, in your name or its own as the mandate provides, takes a commission agreed in advance out of the proceeds and passes to you everything else it obtains - Art. 400 and 425 CO.
Proportions are illustrative: the bar is the spread between your cost and the end user’s price, after the costs of the chain. The less transparent the market, the larger the trader’s share.
The count starts in 1991. MSE is not a firm built on headcount: the work is carried by its founder and the senior bench he knows personally and engages under each mandate. Metals, terminals, customs, claims, critical metals.
Selling to a trader means handing over the deal along with the goods. Selling on your own has become harder: banks are stricter about what they will finance, and four things now have to be in place before the deal rather than after.
Where the goods are made, the rules already apply: carbon markets in China, India, Türkiye and Japan, mandatory emissions reporting in the UAE, 50% US duties on steel, aluminium and copper products. A carbon price paid in the country of production can reduce CBAM at the EU border.
That work can be built in-house or entrusted to an agent that structures and executes the deal for the account and in the sole interest of its principal. That is how MSE works. Which path pays better for you depends on whether you have a one-off deal, a run of them or a standing flow.
Build or mandateFigure · two
parity with the alternative
value delivered by the mandate
capability retained by the principal
handover
a single transactionmove the mark to place your taska standing programme
A standing flowyour own desk - MSE builds it with youExecutive Mandate
No figures on the rule - the thresholds move with the commodity, the market and the regulator. One line ends at the desk, the other does not: the desk is built inside the mandate, under an Executive Mandate.
The functions a principal entrusts to MSE, independent of the commodity and ordered by the life of a transaction. A mandate rarely needs all of them. It always needs to know which phase it is in. Each capability opens on its own page.
I
AssessQualify the counterparty and the opportunity.
Moulin à maillets · Encyclopédie, Recueil de planches, Paris, 1767
Six industrial sectors define the mandate. Beneath them run three horizontal layers - terminals, trading infrastructure, and carbon and traceability - through which every sector's flow must pass.
Built to operate across the chain - wherever the mandate sits.
Where MSE stands, and since when. Hover a region, a port or a flow. Scroll to zoom in.
MSE presence, with the year the region first came into the principal's handsSeaborne trade - width and light in proportion to volumeTrans-Caspian Middle CorridorPort - hover for the name, zoom for the names
Dates mark when a region first came into the principal's hands - not a statement of current volumes, mandates or counterparties. Trade flows follow the main seaborne trades of the world. No transit times are shown.
four
The Terms
How the mandate is structured and paid
The counting house, Op den Koopman, c. 1700 · Rijksmuseum
Three mandate formats. One execution standard.
The five phases of chapter two. Each format is a span on the same rule - the span says where MSE is engaged, the note says how it is paid.
Three formats over five phasesFigure · three
Assess
Structure
Mobilise
Deliver
Steer
Executive MandateSwiss-law service agreement
Commission & Trade Executioncommission on mandate terms
Investment & Project Originationengaged per mandate
Executive MandateAssess to Steer
MSE is retained to take operational responsibility for a defined function - supply chain, commercial strategy, market entry, post-merger integration - with its principal able to sit on the client’s executive team, title and authority included. Governed by a Swiss-law service agreement.
Commission & Trade ExecutionStructure to Deliver
MSE finds counterparties, structures and executes for the principal’s account - in the principal’s name (Swiss OR Art. 32 ff.) or its own as commission agent (Kommissionär, Art. 425-438), as agreed in the mandate. Remunerated by commission on volume, spread or defined outcome, on terms set in the mandate.
Investment & Project OriginationAssess to Mobilise
MSE originates and structures investment and acquisition projects - due diligence, fund architecture, investor coordination, regulatory navigation, negotiation with asset holders and host governments - as institutional initiator across the lifecycle.
Engaged per mandate under Swiss law. No standard packages.
How MSE worksHow a mandate reportsThe engagement from first contact to execution, and what the principal hears every week while it runs.
five
The Instruments
Four engines, one note.
Hevelius at the great sextant, 1673
Four engines answer the questions that decide a transaction before a mandate exists, and they write into one document: a preliminary structure note - what is being moved, on what terms, financed how, against which obligations, and what is still missing. Eleven more instruments stand beside them for reference. All of it open, free of registration, and kept in your browser only.
The engines
01
Engagement Pathfinder
writes the situation
Who you are, what you move, from where and to what end. Ten questions, and the route MSE would take with it.
Six knock-out gates and the collateral engine, applied before economics - a file that fails one is returned unread. The verdict and its conditions precedent.
The map - everything MSE does on one pageThree mandate formats, five phases and 13 capabilities, six sectors and three layers, and all 17 instruments placed against the phase they serve.
Thirty years across the full commodity execution chain - as Director of Sales & Marketing, General Director of the Trading House and COO at a Top-3 global primary aluminium producer (Zug), and since 2018 under MSE’s mandates: cement, advanced ceramics, a commodity and technology platform, a terminal operator. Three disciplines held at once, in one pair of hands.
I · Industry sectors
600+
Customer accounts
EMEA · APAC · Americas
II · Terminals & logistics
84%→96%
OTIF delivery
30+ countries
III · Trading infrastructure
>$400M
Trade-finance lines
Banks · insurers · certifiers
Where all three meet
+$65‑67M
Annual margin uplift
The whole line
Career figures: responsible for the entire sales of a producer of ≈8% of the world’s primary aluminium - about $10B a year. MSE’s own mandates are held in confidence. References are available under NDA.
No transaction turns on a single discipline - or a single person. Under each mandate, MSE fields senior specialists matched to the structure at hand.
Each one is personally known to MSE's founder, from years of working together, and engaged under a long-term Senior Expert Agreement. The relationships pre-date the mandate.
Origination and sourcing
Industrial operations and asset diligence
Cross-border legal, tax and corporate structuring
Structured trade finance and capital introduction
Director level and above - Switzerland, the United Kingdom, the EU and the United States.
Why MSE keeps a small staff
Staff costs are fixed and do not depend on the number of deals. A trader covers them from the margin it earns on your goods. MSE’s permanent staff is small, so its commission is lower than a trader’s margin. The principal has its own operations, finance and logistics staff, and a second such team at MSE would mean paying for the same work twice.
MSE engages specialists the principal does not have and has no reason to keep on staff: a deal needs them for weeks, not years. They are heads of bank departments, terminal managers and partners at law firms. MSE’s founder has known each of them personally for many years. The principal knows by name everyone working on its deal, and MSE is answerable to the principal for each of them.
The principal’s staff work on the deal alongside MSE at every stage, and MSE passes its knowledge on to them. That knowledge stays with the principal after the mandate ends. If the principal’s staff eventually surpass MSE, that is the best result a mandate can have. MSE does not fear this: the procedure of a deal can be learned in a few contracts, but the trust of the people MSE brings in and a view across many markets at once cannot be handed over. Every new market, product or regulation calls for both again.
The commodity value chain as one system, read through three lenses at once.
Sol, Luna and Lux - the three lenses of the method, at conjunction.
Most companies master one layer. MSE architects all three - sector, infrastructure, and trading structure - into a single bankable chain. The competence map above holds all three at once: the regions and their commodities are Sol, the ports and corridors that move them are Luna, and the contract, finance and settlement structure that binds them is Lux.
Planisphaerium Copernicanum · Valk and Schenk after Cellarius, c. 1708 · Rijksmuseum
Contact
Start the conversation
All enquiries are reviewed at principal level, under strict confidentiality. MSE holds a limited number of concurrent mandates to keep every engagement principal-led.
What happens after you writeFigure · four
Enquiryread at principal level, in confidence
NCNDbefore any detail is exchanged
First conversationcosts nothing, commits nothing
Mandateengaged per case, under Swiss law
your first messagea signed mandate
Four steps, in this order. Nothing is exchanged before the second, nothing is owed before the fourth.
Registered Office
Metal Supply Experts GmbH Schulhausstrasse 19 6318 Walchwil, Canton Zug Switzerland
Registration
CHE-298.384.297 Canton Zug Commercial Register
Governing Law
Swiss law · ICC Geneva / Zurich Chamber of Commerce
Swiss law. Place of jurisdiction: Zug, Switzerland.
Dispute Resolution
In the event of a dispute, the parties shall first seek to resolve the matter amicably. For commercial disputes, the competent courts at the registered office of the company or, at the claimant's option, the ICC International Court of Arbitration (Geneva) shall have jurisdiction.
Authorised Representative
Responsible for the content of this website: Sergey Belskiy, Geschäftsführer, Metal Supply Experts GmbH, at the above address.
Privacy Policy
Pursuant to the Swiss Federal Act on Data Protection (FADP) of 25 September 2020, in force since 1 September 2023, and the Data Protection Ordinance (DPO) of 31 August 2022.
1. Data Controller
Metal Supply Experts GmbH (hereinafter “MSE”, “we” or “us”), Schulhausstrasse 19, 6318 Walchwil, Canton of Zug, Switzerland. Company identification number CHE-298.384.297.
This Privacy Policy explains how MSE collects and processes personal data when you visit this website or correspond with us. It applies to all natural persons whose personal data we process. Personal data of legal entities is no longer protected under the FADP.
3. Categories of Personal Data
Contact data you submit by email or through the enquiry form (name, company, email address, content of your message).
Technical access data transmitted automatically by your browser (IP address, browser type and version, operating system, referrer URL, date and time of access).
Usage data collected by web analytics, and only where you have consented (see section 5).
We do not process sensitive personal data within the meaning of Art. 5(c) FADP through this website.
4. Purposes and Justification
Under the FADP a private controller does not require a statutory “legal basis” in the sense of the GDPR. Processing is lawful unless it breaches the processing principles of Art. 6 FADP, contravenes the data subject’s express wish, or discloses sensitive personal data to third parties. Where processing would infringe the personality of a data subject, it must be justified under Art. 31 FADP.
Enquiry handling: to respond to your request and to take steps prior to entering into a contract. Justification: Art. 31(2)(a) FADP - processing in direct connection with the conclusion or performance of a contract.
Website operation and security: to ensure technical functionality, integrity and protection against misuse. Justification: overriding private interest, Art. 31(1) in conjunction with Art. 31(2) FADP.
Web analytics: to understand how the site is used. Justification: your consent, Art. 31(1) FADP.
5. Cookies and Web Analytics
This website sets technically necessary cookies required for its operation and security. Art. 45c let. b of the Telecommunications Act (TCA) permits the processing of data on external equipment where users are informed of the processing and its purpose and are advised that they may refuse it.
MSE applies a stricter standard than the TCA requires: no analytics cookie is set and no analytics data is transmitted unless you have actively consented.
Where you select “Accept” in the cookie banner, this website uses Google Analytics 4 (Measurement ID G-74Y4VT5S5C), a web analytics service of Google Ireland Limited, Gordon House, Barrow Street, Dublin 4, Ireland. Google Analytics sets cookies (including _ga and _ga_*) and collects usage data such as pages visited, session duration and referral source. IP addresses are anonymised and are not logged or stored in full. No advertising, remarketing or profiling features are enabled.
If you select “Decline”, no analytics script is loaded, no analytics cookie is set, and no data is transmitted to Google. Your choice is stored locally in your browser and may be withdrawn at any time by clearing the site data for this domain in your browser settings.
6. Recipients
We do not sell, rent or otherwise disclose your personal data to third parties, save where required by law or necessary for the performance of a contract. Personal data is disclosed to the following categories of recipient, each acting as a processor on our behalf:
Hosting provider (Hostpoint AG, Switzerland), which processes technical access data on our behalf under a data processing agreement.
Google Ireland Limited, for web analytics, and only where you have consented.
7. Disclosure Abroad
In accordance with Art. 19(4) FADP we inform you of the States to which personal data is disclosed and of the applicable safeguards. Where you have consented to web analytics, personal data is disclosed to:
Ireland - Google Ireland Limited. Ireland is a member state of the European Union and appears on the Federal Council’s list of States with an adequate level of data protection (Annex 1 to the DPO). No additional safeguard is required.
United States - Google LLC, as an onward recipient. By decision of 14 August 2024, in force since 15 September 2024, the Federal Council recognised an adequate level of data protection for recipients in the United States certified under the Swiss-U.S. Data Privacy Framework. Google LLC holds an active certification under that framework. Where Google does not rely on the Swiss-U.S. Data Privacy Framework, disclosure is based on standard data protection clauses within the meaning of Art. 16(2)(d) FADP.
If you decline analytics, no personal data is disclosed abroad through this website. All remaining processing takes place in Switzerland.
8. Retention
Correspondence: retained for as long as necessary to handle your enquiry and any resulting business relationship, and thereafter for the statutory retention period of ten years under Art. 958f of the Swiss Code of Obligations.
Technical access data: deleted after 30 days.
Analytics data: user-level and event-level data is retained for the period configured in the Google Analytics property, which for a standard property does not exceed 14 months, and is deleted automatically thereafter. Aggregated reporting data is not subject to that setting and is retained by Google.
9. Data Security
In accordance with Art. 8 FADP we take appropriate technical and organisational measures to protect personal data against unauthorised access, loss and misuse. All traffic to this website is encrypted in transit (TLS/HTTPS). Access to correspondence is restricted to the persons who require it.
10. Your Rights
Subject to the conditions and exceptions provided by law, you have the following rights:
Right of access (Art. 25 FADP): to obtain confirmation whether we process personal data concerning you, and to receive the information necessary to exercise your rights.
Right to data portability (Art. 28 FADP): to receive personal data you have disclosed to us in a commonly used electronic format.
Right to rectification (Art. 32(1) FADP): to have inaccurate personal data corrected.
Right to erasure and restriction (Art. 32(2) FADP): to request that processing be stopped, that disclosure to third parties be prohibited, or that personal data be deleted or destroyed, subject to statutory retention obligations.
Right to object (Art. 30(2)(b) FADP): to object to processing by declaring your express wish.
To exercise these rights, write to enquiries@metalsupplyexperts.com. We may request proof of identity. We respond as a rule within 30 days.
11. Automated Individual Decisions and Profiling
MSE does not take automated individual decisions within the meaning of Art. 21 FADP. No profiling, and in particular no high-risk profiling within the meaning of Art. 5(f) and (g) FADP, is carried out through this website.
12. Data Security Breaches
In the event of a breach of data security that is likely to result in a high risk to your personality or fundamental rights, we notify the Federal Data Protection and Information Commissioner as soon as possible in accordance with Art. 24 FADP, and inform you where required.
13. Supervisory Authority
You have the right to lodge a complaint with the Federal Data Protection and Information Commissioner (FDPIC), Feldeggweg 1, 3003 Bern, Switzerland (www.edoeb.admin.ch).
14. Application of the GDPR
Where Regulation (EU) 2016/679 (GDPR) applies to the processing of your personal data, for example because you are located in the European Economic Area, the rights and protections of that Regulation apply in addition. In such cases the legal bases for processing are Art. 6(1)(a) GDPR (consent, for web analytics), Art. 6(1)(b) GDPR (pre-contractual measures and performance of a contract) and Art. 6(1)(f) GDPR (legitimate interests, for the operation and security of this website). You may lodge a complaint with a supervisory authority in your country of residence.
15. Amendments
We may amend this Privacy Policy at any time. The version published on this website at the time of your visit applies.
Access to and use of this website is subject to the following terms. By accessing this website, you acknowledge and accept these terms. Metal Supply Experts GmbH (“MSE”) reserves the right to modify these terms at any time without prior notice.
2. No Offer or Solicitation
The content of this website is for general informational purposes only. Nothing on this website constitutes an offer, solicitation, or recommendation to enter into any transaction, purchase any product or service, or engage MSE in any mandate. No client relationship is established by accessing this website.
3. No Investment, Legal, or Tax Advice
The information on this website does not constitute investment advice, legal advice, tax advice, or any other form of professional advice. MSE is not a regulated financial institution and does not provide regulated financial services. Any decisions made on the basis of information on this website are made at the user’s own risk. Users should seek independent professional advice before making any investment, legal, or tax decisions.
4. Accuracy and Completeness
While MSE endeavours to ensure the accuracy and timeliness of information presented on this website, no representation, warranty, or guarantee (express or implied) is given as to the accuracy, completeness, reliability, or currency of any content. MSE assumes no liability for errors, omissions, or outdated information.
5. Forward-Looking Statements
This website may contain forward-looking statements, including statements about market developments, regulatory frameworks, pricing benchmarks, and business strategy. Such statements are based on current expectations and assumptions and are subject to risks, uncertainties, and changes in circumstances. Actual outcomes may differ materially.
6. Limitation of Liability
To the maximum extent permitted by applicable law, MSE, its directors, officers, and representatives shall not be liable for any direct, indirect, incidental, consequential, or punitive damages arising from or in connection with access to, use of, or reliance on this website or its content, including but not limited to loss of profits, business interruption, or loss of data.
7. Third-Party Links
This website may contain links to third-party websites. MSE has no control over the content, availability, or data protection practices of linked websites and accepts no responsibility or liability therefor.
8. Intellectual Property
All content on this website - including text, graphics, logos, images, and layout - is the intellectual property of Metal Supply Experts GmbH or its licensors and is protected by Swiss and international copyright, trademark, and intellectual property laws. Reproduction, distribution, modification, or any other use of the content without the prior written consent of MSE is prohibited.
9. Governing Law and Jurisdiction
This disclaimer and all matters arising from or in connection with this website shall be governed by and construed in accordance with the substantive laws of Switzerland, without regard to its conflict of laws principles. The exclusive place of jurisdiction is Zug, Switzerland, subject to mandatory statutory provisions.
10. Severability
If any provision of this disclaimer is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
Last updated: April 2026
ESG Statement
Metal Supply Experts GmbH - Walchwil / Zug, Switzerland
MSE’s Approach to ESG in Mandates
Metal Supply Experts GmbH integrates environmental, social, and governance considerations as operational requirements, not reporting add-ons. In the sectors MSE operates - commodity trade, biofuels, critical materials, and industrial supply chains - ESG compliance is increasingly a condition of market access, financing, and counterparty acceptance. MSE structures mandates accordingly.
Environmental
MSE supports clients in meeting regulatory and counterparty ESG requirements across the full transaction lifecycle. This includes:
ISCC EU sustainability certification for biofuel and renewable fuel mandates.
CBAM-aligned embedded carbon documentation for cross-border steel, cement, aluminium, and fertilizer flows under Regulation (EU) 2023/956.
Scope 1-3 carbon accounting per shipment where required by EU counterparties or financing institutions.
Chain-of-custody traceability aligned to ISCC EU, ASI, and EU Union Database standards.
Social & Governance
MSE applies KYC, KYB, and AML screening to all counterparties prior to mandate engagement, in accordance with Swiss AMLA and FATF recommendations. Supply chain due diligence aligned to the EU Corporate Sustainability Due Diligence Directive (CSDDD) is incorporated into mandate structuring where applicable. MSE does not engage in mandates involving forced labour supply chains, conflict minerals without verified chain of custody, or jurisdictions subject to applicable sanctions regimes.
Reporting Alignment
MSE’s mandate work references and supports client alignment with the EU Taxonomy Regulation, the Corporate Sustainability Reporting Directive (CSRD), and the Sustainable Finance Disclosure Regulation (SFDR) where mandates involve investment vehicles or EU-regulated counterparties.
Governing Principle
ESG requirements in commodity trade are converging with commercial and regulatory reality. MSE treats them as execution parameters, not aspirational commitments.
Compliance & Sanctions Policy
Metal Supply Experts GmbH - Walchwil / Zug, Switzerland
Sanctions Compliance
Metal Supply Experts GmbH conducts all its activities in strict compliance with applicable international sanctions regimes, including measures administered by the Swiss State Secretariat for Economic Affairs (SECO), the European Union, the United States Office of Foreign Assets Control (OFAC), and the United Nations Security Council.
MSE does not engage in any transaction, mandate, or commercial relationship involving sanctioned individuals, entities, vessels, or jurisdictions under applicable Swiss, EU, US, or UN frameworks. Prior to engagement, all counterparties, beneficial owners, and transaction structures are subject to screening against applicable sanctions lists and denied-party databases.
Anti-Money Laundering
MSE operates in accordance with the Swiss Federal Act on Combating Money Laundering and Terrorist Financing (AMLA) and aligns its procedures with the recommendations of the Financial Action Task Force (FATF). Counterparty due diligence, including KYC and KYB verification, is conducted for all mandates prior to engagement.
MSE does not accept mandates involving funds, assets, or structures of unclear or unverifiable origin.
Governing Framework
All engagements are governed by Swiss law. MSE reserves the right to decline or terminate any mandate where compliance with applicable sanctions, AML, or regulatory requirements cannot be assured.
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