Metal Supply Experts GmbH

Canton Zug · Switzerland

Swiss commission agent for cross-border commodity trade. Acts for others. Never for itself.

enquiries@metalsupplyexperts.com ·
+41 41 710 64 20

Amsterdam Town Hall, 1655. Where the world’s trade was commissioned, executed and trade-financed for others, never for itself. Rijksmuseum.

Our Role

In the principal’s sole interest.

30+
Years of accumulated
cross-border capability
4 regions
EMEA, APAC, Americas,
Central Asia
Where MSE stands in a transaction Figure · one
Where MSE stands in a transaction One line from the principal to the counterparty. The line is MSE: it leaves the principal, passes origination, contract, bank, insurer, certifier, terminal, freight and customs, and enters the counterparty. The principal The counterparty MSE ORIGINATION CONTRACT BANK INSURER CERTIFIER TERMINAL FREIGHT CUSTOMS the whole line, the counterparty included in its own name or the principal’s, as the mandate provides
The principal
MSEthe whole line - in its own name or the principal's, as the mandate provides
  1. Origination
  2. Contract
  3. Bank
  4. Insurer
  5. Certifier
  6. Terminal
  7. Freight
  8. Customs
The counterparty
the principal keeps the counterparty, the network, the margin and the know-howMSE earns a defined commission
One line from the principal to the counterparty, and MSE walks all of it - the counterparty included. Everything the line produces belongs to the principal, whose transaction it was from the first station to the last. The execution gap, chapter one.

Institutional-scale capability

1991ORIGINTier‑1COUNTERPARTIES8%GLOBAL FLOWS$2B+TRADE FINANCE96%OTIF40+PORTS
1991
Where the capability begins. It is carried by MSE’s principal and the senior bench engaged under each mandate, not by a headcount. Metals, terminals, customs, claims, critical metals.

one

The Argument

The execution gap

The Amsterdam Exchange, before 1668 · Rijksmuseum

Regulation, origin and bankability restructured cross-border commodity trade this decade - and together they opened the gap where MSE operates.

The gap is not a shortage of institutions. It is the difference between a house that trades on its own book and an agent that acts on the principal’s.

The execution gap Figure · two

A classical trading house

Takes title, holds the position

Classical trading houseInterest

Runs its own book - the principal is one counterparty among many

Classical trading houseOwnership

Customers, network and know-how stay with the trader

Classical trading houseEconomics

Earns the margin - and widens it at the principal’s expense

Interest
Ownership
Economics

MSE

Swiss commission agent · OR 425–438

MSEInterest

Exists to develop the principal - the principal’s growth is the mandate

MSEOwnership

Customers, network and know-how accrue to the principal

MSEEconomics

Earns a defined commission - disclosed, agreed, aligned

Banks, insurers, logistics and terminals are the counterparties of every transaction - not the competition.

Under an MSE mandate they are contracted for the principal, in the principal’s interest.

MSE beside the classical trading house - the same transaction, three points where the interests diverge. The Execution Gap, the white paper.
Build or mandate Figure · three
Below the thresholdthe setup outweighs the task
Take a mandatecost and time without competition
Build your deskMSE builds it with you
a single transactiona standing programme
MSE executes the transaction
know-how accrues to the principal - from the first day, and it stays
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.

If that gap describes a transaction you are running, start a confidential discussion under NCND.

Find your pathway through MSE Ten questions return the mandate that fits.

two

The Method

Five phases, 13 capabilities

A ship on the yard, c. 1650 · Rijksmuseum

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.

StructureBuild the deal, its financing and its compliance frame.
MobiliseRaise the capital and move the cargo.
DeliverMove it, document it, price it.

three

The Terrain

Six sectors, three layers

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.

The layers beneath every sector

Instruments by sector: CBAM Intelligence · Metals Tools · Fertilizer Tools · Ethanol & Spirits · Mining & Critical Minerals · Trade Finance Tools.

Competence & reach

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 hands Seaborne trade - width and light in proportion to volume Trans-Caspian Middle Corridor Port - 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 principal 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.

Three formats over five phases Figure · four
Assess
Structure
Mobilise
Deliver
Steer
Executive MandateSwiss-law service agreement
Commission & Trade Executionpaid on delivered result
Investment & Project Originationengaged per mandate
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.
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 is appointed commission agent (Kommissionär, Swiss OR Art. 425-438) - finding counterparties, structuring, and executing on the principal’s account. Paid on delivered result: commission on volume, spread, or defined outcome.

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.

For reference: six indicative engagements from the mandate book - a transaction range of €2M to €180M. The full record remains confidential under client agreements.

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.

Answer ten questionsabout two minutes
02

Bankability Framework

writes eligibility

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.

Run the gatesabout ten minutes
03

Transaction Architecture Constructor

writes the structure

Counterparty, instrument, route and settlement - the parties, the documents, the pricing and the risk, leg by leg.

Assemble the structureabout five minutes
04

CBAM Cost Engine

writes the regulatory cost

The certificate obligation on your own figures, origin by origin, to 2034. Which sourcing still clears once the carbon is paid.

Price the carbonabout three minutesFor cement and clinker, one cargo and one number: the calculator on the Building Materials desk.

Reference instruments

Eleven more, consulted as the case requires, in five kinds. None of them writes into the note.

Regulatory calendar and gates

Carbon cost by origin

Materials and reserves

Terms and control

Language and reuse

Or start from the commodity: Metals · Mining & Critical Minerals · Fertilizers · Ethanol & Spirits · CBAM Intelligence · Trade Finance. Each desk opens the same instruments already set to one material and its markets.

MSE analysis published in

Trade Finance Global Aluminium International Today AlCircle Fertilizer Daily Kommersant

Read the analysis

Founder & Director

Sergey Belskiy, Founder and Managing Director of Metal Supply Experts GmbH

Sergey Belskiy

Founder & Managing Director

30+ years across the full commodity execution chain. Former C-level executive at a Top-3 global primary aluminium producer (Zug) - Director of Sales & Marketing, General Director of the Trading House, COO/Director SCM.

Founded MSE in 2018 under Swiss institutional form. Mandates since include mandated adviser to an international cement producer (2021-22), MD at a Swiss commodity & technology platform (2023-24), CCO at a Central European advanced-ceramics producer (2022-25), and Director, Special Projects at a Pan-European terminal operator (2019-20).

$4.5B+
P&L managed (USD)
38 days
DSO reduced (from 55 to 38)
−40%
Demurrage & detention reduced
$65M+
Annual margin uplift delivered
Full Biography →

Expert Network

A bench, not a desk

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 and the United Kingdom.

Specialists are brought in under confidentiality. Identities are disclosed to counterparties only as the transaction requires.

MSE Perspectives

How MSE reads the market

White Paper 2026
The Execution Gap: Why Cross-Border Commodity Trade Needed a New Actor

Three forces took the trader’s function apart. What replaces it is an architecture, not another intermediary.

Read → PDF ↓
Aug 2026
One Client, Three Desks: What Draghi Left to the Banks
Read on Trade Finance Global →
Aug 2026
Capital Is Waiting for a Structure It Can Buy
Read on Trade Finance Global →
Jul 2026
Green Ammonia Is Easier to Make Than to Sell
Read on Fertilizer Daily →
Jul 2026
The Blind Border: Who Actually Wins from Aluminium’s First CBAM Year
Read on AlCircle →
Jun 2026
Tajikistan: Central Asia’s Least-Worked Resource Base, Read Asset by Asset
Read →
View All Insights & Publications →

2 perspectives · 2 technical notes · 2 regional analyses · 4 MSE commentaries · 8 external publications in industry press

MSE Perspectives

Sol et Luna

The commodity value chain as one system, read through three lenses at once.

Sol, Luna and Lux as three overlapping lenses Three overlapping circles labelled Sol (industry sectors), Luna (terminals and logistics) and Lux (trading infrastructure), with a point of light at the central conjunction where all three overlap. I Sol Industry sectors II Luna Terminals & logistics III Lux Trading infrastructure Three lenses, held at once. The value is in the conjunction.
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.

Read Sol et Luna → See all three in one transaction →
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 write Figure · five
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
Direct Line
Phone
09:00 - 18:00 CET, Monday to Friday.
Messages left outside these hours are returned within one working day.

Where complexity meets execution.

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