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Goldbar Purchase Requirements
Goldbar Purchase Requirements
"Bank-to-Bank" Responsibility
Number 13.0
Second Quarter, 2013
PURCHASE REQUIREMENTS
VALID UNTIL JUNE 30, 2013
BUYER
PROFILE
"What We Purchase"
We purchase GLD-compliant
gold only, without inspection
or assay, sold under full
banking responsibility of the
Seller's Bank. Closings are
conducted, bank-to-bank, via
bank screens - or, possibly,
via an "in-bank" closing in
the Seller's Bank - as the
Seller's Bullion Officer & the
Buyer's Bullion Officer deem
appropriate.
We will purchase all the Sellers GLD inventory on offer. Any bullion
amounts large or small. Stored anywhere in the world. Whatever
quantities Sellers can provide. Maximum tranche size 200 Metric
Tons Au per week until the Sellers stock is exhausted.
The closing procedures are left to the Seller's Bullion Officer and
the Buyer's Bullion Officer to determine: normally, a "bank-to-bank"
closing (or a "desk-to-desk" closing, as the case may be), via bank
screens - as the Bullion Officers deem appropriate.
Commodity:
Au/Gold Bullion (GLD Standards)
Weight:
Principally, but not exclusively, 12.5 KG Bars
Purity:
999.5/1000 or better fineness
Refinery:
LBMA-Certified Refinery/Recognized Hallmarks
Assay Report: Less than five (5) years old (heritage assets considered)
Storage:
Seller's bank-controlled storage or market-accepted
GLD security facility
Delivery:
On an "AS WHERE IS" basis
Quantity:
Unrestricted. Any amounts - large or small
Tranche Size: Maximum 200 Metric Tons Au per week, with
exceptions, with rolls and extensions as agreed
Pricing:
Second Fixing LBMA, less agreed discount
Payment:
Cleared, cash funds against transfer/delivery
"Platinum Metal"
We are also major Buyers of
LPPM platinum ingots/plates.
Any amounts - large or small.
Maximum tranche size 200
Metric Tons per week. Same
requirements as for gold.
GOLD
SPECIFICATIONS
Platinum Specifications
PRE-TRANSACTION
STEPS
Note: The Au metal must be fully tradeable, liftable and exportable - free of liens,
charges and encumbrances - and sold with full banking responsibility. The origin and
provenance of the gold must satisfy accepted international standards and regulations.
CLOSING
PROCEDURES
Bullion Officer
to
Bullion Officer
"Bank-to-Bank"
Responsibility
"Cooperation of Sellers"
Keep in mind that we are one
of the very few Purchasing
Groups financially qualified
to purchase "large-volume"
quantities of gold bullion:
200 MT Au a week, until the
Seller's stock is exhausted.
To purchase GLD assets on
this scale, though, requires
the cooperation of Sellers
who are willing to comply
fully with our procedures.
STEP 2: The Buyer and Seller sign the SPA electronically and lodge
the fully executed contract with their respective Banks.
STEP 3: The Seller, as soon as practicable, provides the Buyer with
a Bank Letter from the Seller's Bank. The Bank Letter is addressed to
the Seller and invites the Buyer's Bullion Officer to contact the Seller's
Bullion Officer to conduct the POF/POP exchange and conclude the
transaction under full banking responsibility.
STEP 4: The Buyer assigns its position in the SPA to their Purchasing
Bank, a "top 25" world-ranked Bank. The contracted parties to the
SPA/IMFPA are now the Seller and the Purchasing Bank. A copy of
the Assignment Contract is provided to the Seller/Seller's Bank.
STEP 5: The Purchasing Bank's Bullion Officer contacts the Seller's
Bullion Officer to conclude the transaction. The Bullion Officers
conduct the POF/POP exchange and close the transaction in such
manner as they deem appropriate: normally on a "bank-to-bank" basis
(or a "desk-to-desk", basis, as the case may be), via bank screens.
The transaction is concluded on the following "bank-to-bank" basis:
FAST-TRACK
PROCEDURES
The purchase of Au metal is closed between the Seller's Bank and the
Purchasing Bank on a "payment-against-delivery" ("transfer of title") basis.
The Au metal will be transferred into the Purchasing Banks full title upon a
direct bank-to-bank cash payment to the Seller for the exact quantity of Au
metal purchased within each Lift.
The payment of the initial Lift and all subsequent Lifts (including via rolls &
extensions, if any) will be made by the Purchasing Bank against delivery in
cleared funds via SWIFT (or "ledger-to-ledger", as the case may be) to the
Seller's nominated bank account.
To expedite the closing, the Parties can dispense with the preliminary
paperwork and proceed directly to contract. Keep in mind that the
objective is to put the Buyer's Bullion Officer in contact with the
Seller's Bullion Officer. Once the Bank Bullion Officers are
communicating together - THE DEAL IS DONE.
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CLOSING PROCESS
"AT-A-GLANCE"
FIVE (5)
SIMPLE STEPS
FEES TO
CONSULTANTS
A. The total consultancy fees is the difference between the gross and
net discounts offered by the Seller. This amount - which is payable
exclusively by the Buyer - is divided into two equal shares:
GENERAL INFORMATION
1. OPPORTUNITY FOR SELLERS. We are "large-volume" purchasers of GLD-compliant
gold. We solve a major problem confounding Sellers today: how to avoid the "dreamers
and schemers" and find a performing Buyer. What we offer Sellers is a unique opportunity
to close with a top 25 world-ranked Bank that is willing to purchase the Sellers entire
inventory - maximum 200 Metric Tons Au per week until the Sellers stock is exhausted.
Its truly an outstanding opportunity for Sellers, many of whom who have been continually
thwarted in their efforts to sell their product due to repeated encounters with nonperforming Buyers. What Sellers want, of course, above all else, is to contract with a
reliable and financially capable Buyer. And Buyers dont come any more reliable and
financially capable than a leading, world-class Purchasing Bank!
OUR PROMISE TO YOU: If you are a genuine Seller with GLD assets held in bankcontrolled storage or a market-accepted GLD security facility and offered for sale under
full banking responsibility - we will purchase your entire inventory without a moments
hesitation. And we will do it quickly, efficiently and responsibly.
2. SELLER'S TITLE TO GOLD. The Seller must be the legal owner/title holder of the gold on
offer. No back-to-back contracts. No "bogus" Sellers. No sleight-of-hand moves. Sellers
cannot offer for sale what they dont own; such activities constitute fraud and an illegal
arbitrage and will subject wrongdoers to the full weight of sanctions under the law.
3. AUTHORIZED MANDATES. Gold owners/title holders may transact via a legal mandate.
However, in order to ensure the integrity of the sale process, the mandate must provide a
verifiable Authorization Letter, with the legal owner's Transaction Code, confirming the
mandates authority to sign the SPA on the legal owners behalf. The Authorization Letter
must be signed by the legal owner under notary acknowledgment or by the legal owners
Bank or Law Firm in the event that the legal owner wishes to remain undisclosed.
4. DUE DILIGENCE/SECURITY CHECKS. Sellers are subjected to careful vetting in order to
confirm the provenance of the gold and the Seller's "bone fides". Once a formal offer has
been received, we engage with our major U.S. law firm who conduct extensive due
diligence on our behalf. In addition, our Transacting Bank, as part of the closing
procedure, runs thorough background checks on the Seller as well as on all Consultants
and Paymasters named in the contract.
5. BUYER INFORMATION PACKAGE. We provide Sellers and Consultants with
comprehensive written information, including a full set of transaction documents. We do
this because we want to lay down a marker for everyone to see: (i) We are a leading Gold
Purchasing Group Professional, Reliable And Responsible - with very considerable
financial resources at our disposal; (ii) We offer Sellers an exceptional opportunity to close
with a "top 25" world-ranked Purchasing Bank that is willing to purchase the Seller's entire
GLD inventory - maximum 200 Metric Tons Au per week; (iii) We are organized and
disciplined Buyers, with orderly closing procedures and careful, precisely-crafted
documentation; and (iv) We strive for performance excellence and adhere to the highest
standards of integrity and trust.
LEGAL NOTICE: This confidential business information is provided to sophisticated and accredited individuals, FOR INFORMATIONAL PURPOSES ONLY,
in response to a request for information, for their own uses and purposes, and is not intended for distribution. The information is not intended for
distribution to, or use by, any person or entity resident in any jurisdiction or country where such distribution or use is prohibited or would be contrary to
applicable laws or regulations. Neither the information nor any opinion contained herein constitutes a solicitation or an offer to buy or sell gold or
platinum or other related metals, or any other regulated products, securities or investments. Any enterprise contemplated hereunder is strictly one of
private placement and, in no way, relies upon, nor is related to, current U.S. Securities laws and regulations. The information is subject to error or
change. We are not licensed commodities dealers, bank officers or government employees; nor are we affiliated with, or endorsed by, any financial
institution, government or government agency. We do not render investment, legal or accounting advice. COPYRIGHT 2013 ALL RIGHTS RESERVED
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