PERSON/CORPORATION/TRUST requesting Bullion Storagethe Proprietor
(a) The Grant Thornton Chargeable Services fees outlined in cl. 20.4. As outlined in cl. 20.5 Grant Thornton New Zealand Limited shall invoice the Company for its Chargeable Services, and the Company may recover this cost from the Proprietor.
(b) A fee for the services of the Company’s custodian as outlined in cl. 9.4.
(c) A fee to recover the cost of the NZ Customs import fee that will be charged to the Company when the Proprietors bullion arrived in New Zealand.
(a) The Company will pay ASI a commission for the Storage Term,
(b) In calculating the commissions payable the Company will provide ASI with a statement including the total value of bullion held under storage for the Proprietor,
(c) That any bullion purchased by the Proprietor will be facilitated through ASI, and if in the event the bullion purchase is facilitated through the Company, then the Company would need to disclose to ASI that total value of bullion held under storage for the Proprietor; and
(d) Any liquidation of bullion by the Proprietor will be facilitated through ASI.
(a) The inspection of the bullion on delivery to the bullion depository;
(b) The deposit of bullion and the issuing of a receipt for deposit;
(c) Creating an inventory, photographing or otherwise cataloguing the bullion held and providing this to the Proprietor and to the Company; and
(d) Holding secure custody of the code for the safe in which the Proprietor’s gold or platinum bullion is held.
(a) Being present when the Proprietor accesses the bullion and assisting with issuing a receipt for any bullion removed;
(b) Performing an inspection / audit of the Proprietor’s bullion;
(c) Removing the Proprietor’s bullion in preparation for liquidation; and
(d) Any other reasonable activity requested by the Proprietor and approved in writing by the Company.
(a) a Depository institution; or
(b) a Custodial institution; or
(c) an Investment entity;within the meaning of these terms as defined in the Intergovernmental Agreement between the governments of New Zealand and United States of America of 12 June 2014.
|Pricing for bullion storage*|
|Gold and Platinum||0 to $1,999,999||0.55%|
|$2,000,000 to $4,999,999||0.45%|
|$5,000,000 and over||0.375%|
*All fees and values are in US Dollars.
*A minimum fee of US$600 per annum applies.
US$175 per hour for the Grant Thornton Chargeable Services as outlined in cl. 20.4.
US$30 per hour for the services of the Company’s custodian as outlined in cl. 9.4.
US$49 flat fee for the cost of the New Zealand Customs import fee that will be charged to the Company when the Proprietors bullion is received in New Zealand. This fee applies for each individual shipment of bullion for the Proprietor.
For Storage Fees paid using the Proprietors credit card, the Company will apply a 2.3% surcharge to cover the Company’s cost of credit card acceptance.
*All Other Fees will be invoiced by the Company in arrears in the quarterly Storage Fee invoice.