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buy GOLD BULLION SWISS PROCEEDURE

  • Thailand Thailand  
  • Last Updated:
    Posted on: 23 Dec 2023

RFQ Details

WE NEED GOLD BULLION STRICTLY ON SWISS PROCEEDURE
ONLY AND OUR PROCEEDURE IS AS UNDER IF YOU CAN THEN
PLEASE SEND YOUR OFFERS REGDS

PURCHASE & SALE OF AU



The procedures listed below are specific as to what was revised by the FED and the World Gold Council on June 6, 2006 and are now required by law on all GLD AU Transactions:

New FED & World Council International Procedure

The Seller or his Mandate issue a full corporate offer (FCO).
The Buyer/Buyer's Mandate submits a Letter of Intent and/or RWA (Ready, Willing and Able) with full banking coordinates and permission to do a soft probe.
The Seller/Seller's Mandate and Buyer/Buyer's Mandate exchange signed and sealed contract with full banking coordinates.
Seller/Seller's Mandate extends an invitation for the Buyer's bullion officer to contact the Seller's bullion officer.
The Buyer/Buyer's Mandate accepts the invitation of the Seller's bullion officer.
The Buyer's bullion officer initiates the contact with the Seller's bullion officer by KTT.
The Seller's bullion officer will be instructed by the Seller to verify the AU metal, the quantity available, and to disclose any/all liens and encumbrances attached to the metal.
Upon receipt of the proof of existence of the AU metal and the certificate of authority to sell, the Buyer will instruct his bullion officer to confirm the availability of funds to be used as payment when the gold is delivered.
The Buyer and the Seller agree on a window time for exchange. The payment to the Seller will be disbursed within 24 hours against the transfer of ownership of the metal. Commissions will be paid immediately and without delay to each appointed paymaster. The paymaster will likewise pay to the intermediaries their earned commission.

PROCEDURES BUYER NO 2 :
13. Procedure -
A) Six (6) copies of Original Sales and Purchase Agreements (SPA) are signed and exchanged by Courier;
BULLION CONTRACT: After the Sales and Purchase Agreements (SPA) are duly executed, one (1) copy of the Sales and Purchase Agreement is deposited with the Seller's and/or Assigns' Bank and one (1) copy of the SPA is deposited with the Buyer's and/or Assigns' Bank, and immediately thereafter, the Sales and Purchase Agreement is entered into between their respective Banks for the immediate implementation of the Sales and Purchase Agreements in accordance with the International Bullion Law;
B) The Buyer issues Master Fee Protection Agreements to:
a) 1.00%(ONE PERCENT) to be paid by the Buyer to the Nominated Paymaster(s) for
the Seller's
b) 1.00% (ONE PERCENT) to be paid by the Buyer to the Nominated Paymaster(s) for
the Buyer's side:
C) The Seller's and/or Assigns' Bank sends KTT (Key Tested Telex) or irrevocable S.W.I.F.T. to the Buyer's and/or Assigns' Bank with full banking responsibility to the herein stated account addressed to the responsible Bank Officer or according to the Buyer's and/or Assigns' instructions, confirming the quality and quantity of the AU Metal "GLD" Gold Bullion together with the Agreement Number; ; ;
D) After verification of the Product, the Buyer's and/or Assigns' Bank will make the payment in a form of a S.W.I.F.T. Wire Transfer to the herein stated the Seller's and/or Assigns' Bank account. Both the Seller and/or Assigns and the Buyer and/or Assigns and their respective Bank Officers conclude Transfer/Payment of the respective tranches and/or lifts within ninety six (96) hours and in accordance with the International Bullion Lawfrom the time the Seller's and/or Assigns' Bank has been sent to the Buyer's and/or Assigns' Bank KTT (Key Tested Telex) or an irrevocable S.W.I.F.T. confirming the quality and quantity of the AU Metal "GLD" Gold Bullion together with the Agreement Number;
E) All payments of the Consultancy fees and according to issued Master Fee Protection Agreements to the Paymasters and intermediaries, both to the Seller's Side and to the Buyer's Side, will be made simultaneously with the Transfer/Payment of each respective tranche and/or lift, or change of ownership living the product in the same Bullion Bank according to the