Settlement guarantor · Nordhaven Bank Platform fee and bank fee are separate

Physical supply · not futures

The deal goes through the bank.

Seller and buyer agree the goods on the platform. Nordhaven Bank blocks the payment and releases it only when the guarantee conditions are met. The platform takes its fee, the bank takes its own.

Register Exchange
01Buyer

Pays the bank the goods price plus the platform fee and the bank fee.

02Bank escrow

The money is blocked. It is not credited to the platform.

03Three payees

The seller receives the goods price. Platform and bank receive their fees as separate entries.

Board

Full exchange

Physical supply · not futures

The first offer is still to come

The board has no goods yet. Register a company and publish volume, price and delivery basis. The bank checks the company before the first payout.

  1. 01Buyer
  2. 02Bank escrow
  3. 03Three payees
Register

Example at €9,000,000

1,000 tonnes at €9,000. The seller receives the full goods price. On top, the buyer pays 0.50% to the platform and 0.20% to the bank for escrow. Rates are a model, not a bank offer.

Goods value
9,000,000.00 €
Platform fee 0.50 %
45,000.00 €
paid by the buyer, on top of the goods price
45,000.00 €
Bank fee 0.20 % · Escrow
18,000.00 €
Buyer pays the bank
9,063,000.00 €
Seller receives
9,000,000.00 €

How a deal runs

  1. 1. Check The bank reviews the companies before the first payout.
  2. 2. Listing Goods, volume, price, Incoterms, inspection.
  3. 3. Terms The other party accepts them or proposes others.
  4. 4. Deal file Each deal has an id, fees and a journal.
  5. 5. Instrument The bank confirms escrow, letter of credit, guarantee, collection or milestones.
  6. 6. Block The buyer instructs the bank to hold the amount.
  7. 7. Delivery Logistics and the inspector close the conditions.
  8. 8. Payout The bank pays the seller and books both fees.

Launch mode

The platform is an intermediary. It does not take title to the goods and does not resell them. The bank reviews credit separately and may decline.

What the bank guarantees

Only the text of the chosen instrument and the amount on the deal file. Escrow, letter of credit and guarantee are different obligations. The word “exchange” is not a trading-venue licence.

How settlement works