Customer Physical Settlement Request Letter - ISDA

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					                                                               Exhibit 3 to LCDS Auction Settlement Terms

                     Form of Customer Physical Settlement Request Letter
    _________________________________________________________________________________

                                            [Letterhead of Customer]
                                                                                                      [Date]

Attention:         [Participating Bidder]
By Fax:            [facsimile]
By Phone:          [telephone]

Dear Sirs,

We write to inform you that we wish to submit a Customer Physical Settlement Request as defined in the
LCDS Auction Settlement Terms published by the International Swaps and Derivatives Association, Inc.
and Markit North America, Inc. on March 5, 2009 (the “Auction Terms”), in respect of Aleris
International, Inc.’s First Lien Loans. Capitalized terms used in this letter but not defined herein have the
meanings specified in the Auction Terms.

By signing and returning this Customer Physical Settlement Request Letter to you, we represent that:

(a)      the Customer Physical Settlement Request set out below is to the best of our knowledge and
         belief, in the same direction as and (when aggregated with all Customer Physical Settlement
         Requests submitted by us to one or more Participating Bidders) not in excess of our Market
         Position; and

(b)      we are not, as of the date of this letter, subject to any requirement that would make it impossible
         or illegal for us to deliver or accept delivery of any of the Deliverable Obligations.

The Customer Physical Settlement Request is a Physical Settlement [Buy][Sell] Request of USD [].

Our contact details for purposes of this Customer Physical Settlement Request Letter are:

Name:
Address:
Telephone:
Fax:
E-mail:

                                                    Yours faithfully,

                                                    [CUSTOMER]1

                                                    By:




1        Specify legal name of customer.

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                                        Name:


                                        Title:


                                        Signature:




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