Trade Lead Description:
1,000 – 10,000 MT Gold Bullion with possible R&E in Switzerland. The gold meets GLD standards but is not in the GLD system. Delivery is CIF Switzerland or FOB Hong Kong. Quantity: 1,000 – 10,000 MT per year with possible R&E Quality & Specification: 12.5 KG Bars, 999.5/1000 or better: Location: Hong Kong Depository Warehouse
Hallmark: Internationally Accepted Hallmark; 1/2-5 years. Delivery: CIF Switzerland FOB Hong Kong
Discount: 9/6 Switzerland, 11/8 Hong Kong
Commission: 3% [1.5% Sellers side (Closed) and 1.5% Buyers side]
Procedures: TTM or Bullion Officer to Bullion Officer (see below) Completion: The whole process of completing this transaction and moving the product is estimated to take six to eight weeks as logistics are huge. Posted from India - Tamil Nadu on 9 November, 2009
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