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Full SWISS Procedures

A. THE SELLER SENDS AN FCO WITH A DESCRIPTION OF THE OFFER.

B. THE BUYER ACCEPTS THE FCO BY SENDING AN LOI OR RWA,


PROVIDES THE BUYER CODE, THE TRANSACTION CODE, SIGNS AND
SEALS THE DOCUMENTS (ACT/RWA, NCNDA, IMFPA), THEN RETURNS
THE DOCUMENTS TO THE SELLER.

C. THE SELLER OR THE SELLER'S AGENT SIGNS AND SEALS THE ACT OR
RWA, RETURNS IT TO THE BUYER AS ACCEPTED AND APPROVED
TOGETHER WITH HIS COLOUR COPY OF THE PASSPORT.

D. ON THE SAME DAY, THE SELLER PROVIDES THE SPA WITH THE TERMS
AND CONDITIONS OF THE LOI/RWA (SIGNED AND SEALED).

E. THE BUYER COMPLETES THE CONTRACT WITH THEIR FULL


PERSONAL DETAILS, BANK DETAILS AND RETURNS IT TO THE BUYER
SIGNED AND SEALED.

F. THE BUYER COMPLETES THE CONTRACT AND SENDS IT IN FOUR FULL


COPIES WITH HIS/HER PERSONAL DATA AND BANK DETAILS IN PDF
FORMAT. ELECTRONIC VERSIONS ARE BINDING ON BOTH PARTIES. In the
event that an authorised signatory is required to sign for and on behalf of his/her
principal(s), this contract shall be deemed valid and binding on the principal(s). Each
Party will receive two (2) sets of Signed & Sealed Contracts, which will be deposited
with their respective banks, through their respective banking agents.

G. EACH PARTY DEPOSITS ITS CONTRACT WITH ITS RESPECTIVE BANK


AND IMMEDIATELY NOTIFIES THE OTHER PARTY.

H. ACCORDING TO THE TIME AGREED BY THE SELLER AND THE BUYER


(BASED ON GMT TIME), THE BANK WILL START CONFIRMING THE "POF"
AND THE "POP" FROM BANK TO BANK AND UNDER FULL BANK
RESPONSIBILITY.

I. THE SELLER WILL MOVE THE GOLD TO THE LOCATION AGREED BY


THE BUYER.

J. THE BUYER'S BANK WILL RELEASE THE COMMISSIONS TO THE


PAYMASTERS AND BENEFICIARIES IN ACCORDANCE WITH THE IMFPA.
K. ONCE THE FIRST STAGE OF THE TRANSACTION HAS BEEN
SUCCESSFULLY COMPLETED, THE SAME PROCEDURES ARE FOLLOWED
UNTIL THE STOCK IS EXHAUSTED.

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