The last-mile hedgefor commodities.

Bilateral contracts on discrete commodity risk. Resolved by formula.

The financial system handles most of what companies carry. Rates, FX, credit, listed commodities. Cleared, documented, priced.

Event risk sits outside that perimeter. A tariff enacted overnight. A frost that reshapes a harvest. A regulatory outcome that reprices a decade of trade relationships.

These exposures are material. They sit on balance sheets. There is no standard instrument against them.

Not because the market lacks sophistication.

No infrastructure exists to match the two sides.

01

Event risk. Structured.

Contracts for discrete commodity exposures that insurance won’t underwrite and exchanges don’t list. Trigger-defined, notional, documented under ISDA terms.

02

Contracts. Bilateral.

Both parties to the contract agree terms before execution. The instrument is defined by what happens, not by who holds it.

03

Settlement. Independent.

Resolution is calculated against the contract terms. Oros does not take the other side of the trade.

Origination to settlement.

  1. 01

    Origination

    You bring us an exposure the listed market does not carry.

  2. 02

    Matching

    We find the counterparty who will take the other side.

  3. 03

    Documentation

    We structure the contract under ISDA terms. Both parties review the full term sheet before execution.

  4. 04

    Settlement

    The event resolves. The contract clears against its terms, through an independent process.

The trigger is defined in advance. Resolution is not a negotiation. When the event resolves, the contract pays. That is not a promise. It is a structure.

Parametric triggers are enforceable in the jurisdictions where this risk lives. Institutional capital is looking for uncorrelated exposure it cannot find in listed markets. The companies managing commodity exposure with proxies and workarounds have reached the limit of what workarounds can do.

We see more of this than anyone not running their own book.

The infrastructure to make this market has always been what was missing.

Where two sides
come to terms.

plato@oros.markets