Defined return terms
A proposed fixed-return structure, with the rate, payment schedule, and responsible counterparty specified in the final agreement.
COMMODITY ARBITRAGE · A NEW PERSPECTIVE
A different basis
for growth.
Opportunity lives in the difference.
Explore a disciplined approach to commodity price spreads, built around paired market positions.
01 / PRICE DIFFERENCES02 / PAIRED POSITIONS03 / DEFINED TERMS
THE ARBITRAGE PERSPECTIVEILLUSTRATION
ONE COMMODITY. TWO PRICES.
AuGOLD
01 / SPOT POSITION
BUYPhysical / spot
100.00Illustrative price units02 / FUTURES POSITION
SELLMatched futures
103.00Illustrative price unitsINITIAL GROSS BASIS3.00 unitsBefore costs & execution risk
BUY SPOT→SELL FUTURES→CONVERGENCE
LOOK BEYOND MARKET DIRECTION.Discover the approach ↓
01 / THE STRATEGY
Price differences.
Purposeful positions.
Markets can price the same commodity differently across delivery dates. Arbitrage seeks to capture that difference through coordinated positions.
UNDERSTANDING THE BASISBuy the commodity.
Buy the commodity.
Sell the future.
A cash-and-carry trade pairs a spot purchase with a sale of a corresponding futures contract. The starting price difference is the gross basis.
The opportunity depends on what remains after financing, storage, insurance, transaction costs, and execution. Matching the two positions seeks to reduce exposure to outright price movements.
Understand the risks ↗A SIMPLIFIED TRADEIllustrative units
01
AT ENTRY
Buy spot at 100
Acquire the underlying commodity.
02
MATCHED POSITION
Sell futures at 103
Match quantity, quality, and delivery terms.
03
AT SETTLEMENT
Realise the net spread
Reconcile delivery, positions, and all costs.
Gross basis 3.00 − costs 1.201.80 illustrative net units
A simplified example, not an actual trade, quoted market price, or promised return.
02 / THE PROPOSED PLAN
Clarity at every step.
A considered investment starts with understanding the terms. Review the return structure, obligations, costs, and exit conditions before making a decision.
Paired market positions
A strategy designed to reduce directional exposure through matched spot and futures positions. Residual risks remain.
Capital risk, explained
Understand custody, collateral, counterparties, and loss scenarios. Capital protection is not assumed or guaranteed.
Clear investment cycles
Proposed 30–90 day cycles. Actual maturity, access to funds, and early-exit conditions depend on the agreed plan.
THE DETAIL MATTERS
Plan terms are under development. Availability and investor eligibility will depend on the final offering and applicable jurisdiction.
03 / EXPLORE THE NUMBERS
A longer view.
A clearer calculation.
Explore how an annual rate translates to a shorter investment period. This is a simple illustration, not a forecast or an offer.
PROPOSED ANNUAL RETURN RANGE
15–18%
From the initial plan specification.
Unverified, indicative, and subject to final terms.
15%18%
An annual rate is not the return for a 30–90 day cycle. XIRR depends on actual cash-flow dates. The calculator uses simple annual proration, not XIRR.
RETURN ILLUSTRATORHYPOTHETICAL
$
Illustrative gross return$369.86$10,000 × 15% × 90 / 365
Before fees, taxes, losses, and currency movements. USD is used only for illustration; no settlement currency has been confirmed.
04 / FROM OPPORTUNITY TO OUTCOME
Discipline is the process.
Identify the spread
Compare spot and futures prices. Assess whether the basis can cover the full cost of carrying the position.
RESEARCH & COST ANALYSISCoordinate execution
Establish matched positions and manage timing, margin requirements, and counterparty exposure.
EXECUTION & MONITORINGSettle and reconcile
Close or deliver the matched positions, account for costs, and determine the realised outcome.
SETTLEMENT & REPORTING05 / THE CRESCERA PERSPECTIVE
Growth begins with
understanding.
Crescera is being developed to make a specialised commodity strategy easier to understand.
Our starting point is transparency: explain how the strategy works, distinguish a gross spread from a net outcome, and make the questions that matter visible.
We’re building for an international audience. Product availability, investor eligibility, and the final legal structure will be confirmed before an investment is offered.
AN INFORMED DECISION
Know what can change.
Paired positions seek to reduce price-direction exposure. They do not remove every source of risk.
Execution and basis risk +
Positions may execute at different times or prices. Contract specifications, quality, delivery locations, or dates may not match. Basis convergence may differ from the illustration.
Counterparty, custody, and capital risk +
A broker, custodian, trading counterparty, or issuer may fail to meet its obligations. Collateral may be insufficient or unavailable. Investors can lose capital.
Liquidity, margin, and operating costs +
Margin calls can require cash before a trade settles. Early exits can be costly or unavailable. Financing, storage, insurance, taxes, and fees can reduce or eliminate a spread.
Currency, eligibility, and final terms +
Currency movements can affect returns in an investor’s home currency. Participation and any fixed-payment obligation depend on the final agreement and applicable local requirements.
LET’S START WITH A CONVERSATION
A thoughtful next step
starts with a question.
Interested in the strategy? Prepare the questions you want answered about plan terms, custody, risks, and eligibility.
Consultations are opening soon.
Our enquiry channel will appear here when it is ready.
YOUR DUE-DILIGENCE STARTING POINT
Before you invest, ask:
- Who is the legal issuer and who holds the assets?
- What creates the return, and what could cause a loss?
- What are the fees, maturity, and withdrawal terms?
- Which investor protections apply to me?
Keep these handy for your consultation.