FULL CORPORATE OFFER (CONT.)
TRANSACTION CODE:BUYER’S REFERENCE CODE:SELLER’S REFERENCE CODE:CONTRACT N°:SAFE KEEPING RECEIPT N°:
PRICE
:SECOND FIXING OF THE LONDON GOLD MARKETON THE DATE OF CLOSURE
DISCOUNT
:____(__%) GROSS; _____ (__%) PERCENT NET TOTHE BUYER
COMMISSION FEE
:ONE (1%) PERCENT TO THE SELLER SIDE; ANDONE (1%) PERCENT TO THE BUYER SIDECONSULTANTS
DELIVERY
:
PAYMENT
:BUYER’S BANK BULLION ACCOUNT TO SELLER’SBANK BULLION ACCOUNT, IMPLEMENTINGBULLION CONTRACT, FOLLOWING STRICTLYSWISS PROCEDURE.
PROCEDURE
1.
SELLER ISSUES FULL CORPORATE OFFER (FCO) SIGNED BY THE SELLER,TOGETHER WITH A DRAFT OF THE SALES AND PURCHASE AGREEMENT(SPA).
2.
BUYER RESPONDS BY SIGNING THE SPA WITH OR WITHOUTMODIFICATIONS, AFTER NEGOTIATIONS WITH THE SELLER AND SELLERALSO SIGNS THE SPA, AND THE BULLION CONTRACT IS ALSO EXECUTED.
3.
SELLER'S BULLION BANK CONFIRMS, WITH FULL BANKING RESPONSIBILITY,THE QUANTITY, QUALITY OF THE COMMODITY, AND THAT SELLER HAS THERIGHT TO SELL, AND CAN DELIVER THE COMMODITY AT CLOSURE, ANDLIKEWISE, BUYER'S BULLION BANK CONFIRMS WITH FULL BANKINGRESPONSIBILITY THAT BUYER IS READY, WILLING AND ABLE (RWA), TO PAYTHE PURCHASE PRICE AT CLOSURE.
Seller’s Initial__________ Page 2 of 4
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