Physically Traded Products

FCStone Merchant Services, LLC, a wholly owned subsidiary of INTL FCStone Inc., operates a commodity financing and trade facilitation business that provides working capital to commodity-related companies for the finance of commodity inventory and hedge margin. Additionally, Merchant Services utilizes physical commodity trade to provide forward pricing and supply chain management services that allow INTL clients to mitigate price risk and manage their commodity purchases and sales without tying up valuable resources involved in accounting, logistics and hedge management. Merchant Services covers a broad array of commodities, including most agricultural and soft commodities, metals and energy products.