Sell-Back Policy
A42C Ltd | Company No. 16627000 | 27 Old Gloucester Street, London, WC1N 3AX
Last updated: 10 February 2026
This Sell-Back Policy ("Policy") applies to all holders of allocated copper cathodes purchased via the C4Cu / Cooper 4 Copper platform ("Platform").
This Policy forms part of, and should be read together with, the Master Copper Sale & Allocation Agreement ("Master Agreement"), the Fee Schedule, the Risk Disclosure, and the C4Cu Website Terms & Conditions (collectively, the "Governing Documents").
1. Purpose
1.1 This Policy sets out the conditions, procedures, and limitations under which a Buyer may request that C4Cu / A42C Ltd ("C4Cu", "Seller", "we", "us") repurchase allocated copper cathodes held on the Buyer's account.
1.2 Sell-back is provided as an optional facility, not a guaranteed right. C4Cu is not obliged to accept or process any sell-back request and may decline or delay requests at its sole discretion.
1.3 Nothing in this Policy creates an obligation on C4Cu to provide liquidity, act as a market maker, or repurchase copper at any specific time or price.
2. Eligibility
2.1 To be eligible to submit a sell-back request, the Buyer must satisfy all of the following conditions:
- The Buyer must hold an active, non-suspended account on the Platform with an allocated copper position
- The minimum sell-back value must be at least USD $1,000 (one thousand US dollars) or local currency equivalent
- The Buyer must not be in breach of the Master Agreement, this Policy, or any other Governing Document
- All required identity verification (KYC) must be completed to C4Cu's satisfaction
- The Buyer's account must not be subject to any suspension, restriction, investigation, or regulatory hold
2.2 C4Cu may impose additional eligibility criteria from time to time, including but not limited to minimum holding periods, enhanced due diligence requirements, or additional documentation.
2.3 Partial sell-back is permitted, provided that the portion to be sold meets the minimum sell-back value threshold.
3. Sell-Back Request Process
3.1 All sell-back requests must be submitted electronically via the Platform's sell-back functionality. Requests submitted by email, telephone, or any other channel will not be accepted unless expressly agreed in writing by C4Cu.
3.2 Upon submission, the Buyer will receive an acknowledgement confirming receipt of the request. Acknowledgement does not constitute acceptance or a commitment to execute.
3.3 C4Cu will review the request and may:
- Accept the request and proceed to execution
- Request additional information, documentation, or verification from the Buyer
- Decline the request, with or without providing reasons
- Defer the request to a later date due to market conditions, liquidity constraints, or operational requirements
3.4 Where C4Cu requests additional information, the sell-back request will be held pending until the information is received and verified to C4Cu's satisfaction. Failure to provide requested information within fourteen (14) days may result in automatic cancellation of the request.
4. Cancellation of Requests
4.1 The Buyer may cancel a pending sell-back request at any time prior to C4Cu confirming execution, by submitting a cancellation via the Platform.
4.2 Once C4Cu has confirmed execution of a sell-back (i.e. the sell-back has been processed and the price locked), the transaction is final and irreversible. The Buyer may not cancel, reverse, or modify an executed sell-back.
4.3 C4Cu may cancel a pending sell-back request if the Buyer's account becomes suspended, if the Buyer is found to be in breach of any Governing Document, or if circumstances arise that would make execution impracticable or unlawful.
5. Pricing
5.1 Sell-back pricing shall be based on the prevailing London Metal Exchange (LME) Cash Price at the time of execution by C4Cu.
5.2 The price at which a sell-back is executed may differ from the price displayed on the Platform at the time of submission, as execution may not be immediate.
5.3 No guarantee is provided as to the timing of execution, the price level at which execution will occur, or whether the sell-back price will be favourable to the Buyer.
5.4 C4Cu does not provide price locks, price guarantees, or limit-order functionality for sell-back requests.
5.5 In the event of material market disruption, LME suspension, or force majeure, C4Cu may delay execution or apply adjusted pricing in its reasonable discretion.
6. Settlement & Payment
6.1 Following execution, settlement shall occur after:
- Confirmation of final pricing and quantities
- Completion of all required identity verification (KYC) and compliance checks
- Deduction of all applicable fees, costs, and charges
- Verification of the Buyer's bank account details
6.2 Settlement is typically completed within five (5) to ten (10) working days of execution, but may take longer depending on:
- The Buyer's jurisdiction and applicable banking timescales
- The chosen payout currency (USD, EUR, GBP, or HKD)
- Completion of any outstanding verification requirements
- Third-party banking or payment processing delays
6.3 Payment shall be made to the bank account nominated by the Buyer via the Platform. C4Cu will not make payments to third-party accounts, cash, cryptocurrency wallets, or payment services not approved by C4Cu.
6.4 The Buyer is solely responsible for ensuring that the bank account details provided are accurate, complete, and belong to the Buyer. C4Cu shall not be liable for losses arising from incorrect bank details provided by the Buyer.
7. Currency Conversion
7.1 Sell-back proceeds are calculated in USD. Where the Buyer requests payout in EUR, GBP, or HKD, the proceeds will be converted at the applicable exchange rate at the time of settlement.
7.2 The exchange rate applied may include a spread and may differ from prevailing interbank or mid-market rates.
7.3 The Buyer bears all foreign exchange risk associated with currency conversion.
8. Fees & Deductions
8.1 C4Cu shall deduct the following from sell-back proceeds before payment:
- A fixed administration and banking fee of USD $75 (or local currency equivalent) per sell-back transaction
- Any outstanding storage, administration, or dormant account fees accrued on the Buyer's account
- Any third-party payment processing or banking charges
- Any currency conversion costs
- Any other costs, fees, or charges lawfully due under the Governing Documents
8.2 Where the total deductions exceed the gross sell-back proceeds, C4Cu may decline the sell-back request or require the Buyer to settle the outstanding balance before proceeding.
8.3 Fee amounts are subject to change. The Fee Schedule in effect at the time of the sell-back request shall apply.
9. Identity Verification (KYC)
9.1 C4Cu may require the Buyer to complete identity verification before processing any sell-back request. Verification may include, but is not limited to:
- Government-issued photo identification (passport, driving licence, or national ID card)
- Proof of address (utility bill, bank statement, or official correspondence dated within three months)
- Source of funds documentation
- Additional documentation as required by C4Cu's compliance team
9.2 Failure to complete verification to C4Cu's satisfaction may result in the sell-back request being delayed, suspended, or declined.
9.3 C4Cu reserves the right to request enhanced due diligence for sell-back requests above certain value thresholds, as determined by C4Cu from time to time.
10. No Obligation to Repurchase
10.1 C4Cu is under no obligation to accept, process, or execute any sell-back request at any time, for any reason.
10.2 Sell-back availability is entirely at C4Cu's discretion and depends on market conditions, physical copper market liquidity, operational capacity, and regulatory considerations.
10.3 The Buyer acknowledges that there is no guaranteed exit mechanism for allocated copper positions. The Buyer should not purchase copper on the assumption that sell-back will be available at any particular time or price.
11. Tax Implications
11.1 Sell-back proceeds may be subject to income tax, capital gains tax, or other taxes in the Buyer's jurisdiction.
11.2 C4Cu does not provide tax advice and does not withhold or report taxes on behalf of Buyers, except where required by law.
11.3 The Buyer is solely responsible for understanding, reporting, and paying all taxes arising from a sell-back transaction. The Buyer is advised to consult a qualified tax adviser.
12. Risk Acknowledgement
12.1 By submitting a sell-back request, the Buyer acknowledges and accepts that:
- Copper prices are volatile and may fall below the Buyer's original purchase price
- Sell-back may be executed at a loss relative to the purchase price
- Sell-back execution is not guaranteed and may be delayed or declined
- Fees and deductions may reduce net proceeds significantly
- Currency fluctuations may further affect the final amount received
- C4Cu has no obligation to provide liquidity or to act as a market maker
13. Dispute Resolution
13.1 In the event of any dispute regarding a sell-back transaction, the Buyer must notify C4Cu in writing at support@c4cu.com within fourteen (14) days of the disputed event.
13.2 C4Cu will investigate the dispute and respond within a reasonable timeframe. C4Cu's internal records shall be the primary and definitive source of evidence in any dispute.
13.3 If the dispute cannot be resolved through direct communication, the matter shall be subject to the governing law and jurisdiction provisions set out in Section 16.
14. Force Majeure
14.1 C4Cu shall not be liable for any delay or failure to process a sell-back request resulting from circumstances beyond its reasonable control, including but not limited to natural disasters, pandemics, war, government action, sanctions, LME closures, banking system failures, cyberattacks, or utility failures.
15. Amendments
15.1 C4Cu reserves the right to amend this Policy at any time. Material amendments will be communicated to Buyers via email or Platform notification.
15.2 Continued use of the Platform following notification of amendments constitutes acceptance of the updated Policy.
15.3 The version of this Policy in effect at the time a sell-back request is submitted shall govern that specific request.
16. Governing Law & Jurisdiction
16.1 This Policy is governed by and construed in accordance with the laws of England & Wales.
16.2 The courts of England & Wales shall have exclusive jurisdiction over any disputes arising from or in connection with this Policy.
17. Contact
For queries relating to sell-back requests, contact:
Email: support@c4cu.com
A42C Ltd, 27 Old Gloucester Street, London, WC1N 3AX