BCMP CR is an electronic Minerarls and Commodity Receipt system which provides market participants with Gold metal, Au (Gold) mineral Ores; Platinum, Silver and Nickel Ores; Copper, Cobalt, Zinc, Thin, Tantalite, Molybdenum, Antimony, Aluminum, Lead Ores, Diamonds and Precious Stones commodities. BCMP CR system provides the participants with a tool to hedge price exposure, arbitrage against other international markets or deliver or source product from an efficient and transparent market geographically perfectly placed on the earth of the African continent.

Innovative tool of obtaining Commodities Financing:

Popularly known as the "DR Congo's scandale geologique (geological scandale) - as the Belgian colonisers called the country's minerals wealth - has attracted the world's looters to its mining sites to cart away billions of dollars of natual wealth witch could pull the country out of  its grinding poverty and help end its chronic instability if the resources were used to create financing mecanisms for job creation and financing possibilities to develop the exploitation of the minerals wealth to share returns with the local population as it desperatly need.

Banque Commerciale de Matière Première Commodity Receipt (BCMP CR)  is a strategic initiative established to create a level playing field for all participants in the  mining, exploitation, refining, industrialisation and distribution of minerals wealth.

Keeping in line with its vision to facilitate the expansion and development of the natural wealth industry in Africa, BCMP introduces the BCMP CR System, which is an innovative tool for accessing mineral resources financing.

BCMP CR is an electronic vault receipt system that provides members with real-time access to various forms of minerals resources ( gold, precious metals, minerals, Diamonds, Precious and Semi-precious stones) stored in a BCMP approved vault. An approved vault operator or collateral manager issues a BCMP CR upon the deposit of the commodity by a trader. BCMP CRs are negotiable instruments and can be endorsed by way of transfer to another trader or pledged and endorsed by way of security to a participating bank in order to obtain financing. A participating bank may request the commodity, that is the subject of the BCMP CR, to be tested and verified by an approved tester.

BCMP CR offers financiers the opportunity to transform credit risk into market risk, generate new profit streams, access new sources of finance and attract additional trade participation.

Business Process of the BCMP CR

There are several types of transaction which can be undertaken on the BCMP CR System – “issuance” and “cancellation” of BCMP CRs, “endorsement by way of transfer” of BCMP CRs, “pledge” of BCMP CRs, “endorsement by way of security” of BCMP CRs, and “Release of Security” over BCMP CRs.

Issuance is the action whereby a BCMP CR is created, and can only be undertaken by a BCMP CR Issuer. Following issuance of a BCMP CR BCMP prints a BCMP CR “original” which it retains in its role as Depository. BCMP CR Members are able to print copies of BCMP CRs to which they are entitled access. BCMP provides a certified copy of a BCMP CR to those entitled to receive it.

Cancellation is the action by which the BCMP CR ceases to exist. It can only be undertaken by the Issuer of the BCMP CR that is being cancelled. If an Issuer wishes to cancel a BCMP CR relating only to some part of the subject goods he must cancel the existing BCMP CR and issue a new BCMP CR in respect of that portion which is to remain the subject of a BCMP CR.

A BCMP CR can be transferred from one member of the system to another, by way of a “Transfer Endorsement”. This is effected by the transferor issuing an instruction via the BCMP CR System to BCMP who endorses accordingly the relevant printed BCMP CR that it is holding. BCMP CR can be pledged to bank and financiers (in certain market) as a collateral to obtain finance.

To best protect the interests of lenders who wish to take security over BCMP CRs, security over a BCMP CR is created by way of pledge and Security Endorsement.

With its pro-active business approach, BCMP CR system serves as an exchange where important local and international players will meet to conduct their business, while highlighting key Africa's economic and social development issues and defining opportunities promoting private enterprise and fostering high-level strategic partnership with the world financial markets.

BCMP CR membership is a global participating by individual and entity from anywhere in the world; you must not be an institution, a company or government agency to participate.

So, if  you aren't yet  a MEMBER, please join us today!

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