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Precious Metals > This page

Full Corporate Offer

All seller's of gold product should fill out this form out in full, on their own company letterhead, using the exact text below.  Please be sure to include all necessary signatures.

(SELLER'S LETTERHEAD)

FULL CORPORATE OFFER 

TO:

THROUGH: (list all intermediaries in succession and their phone/fax
numbers)

 I, _______________________________, with full legal and corporate responsibility, and under penalty of perjury, with full knowledge of the act of fraud; and as the Seller or Authorized Sellerís Mandatory, are ready, willing and able to deliver the herein offered (Au) metal under the following terms and conditions:

Commodity: (type of metal)

Form:  (dust, nuggets, dorť, refined bars)

Bar Size:  (indicate bar size) 

Hallmark:  Internationally Accepted

Purity:  (fineness  e.g. 99.99% Pure)

Quantity:  (?) metric tons with possible rolls & extensions to (?) mT

Origin:  (country of origin/export country)

Price:   2nd day fixing, London Bullion Market, on the day of delivery

Discount:   Gross  (?%) Percent; Net (?%) Percent to the Buyer

Commission:   A ___ (?%) Percent Commission will be split as; ___ (?%) 
Percent to the Sell Side and ___ (?%) Percent to the Buy Side

Payment:   Bank-to-Bank, as agreed by Buyer & Seller

Lifts:   To be determined by Buyer & Seller Banks

Delivery Terms: 

1. The Seller or his Mandate issue a GENUINE,  ORIGINAL,  CLEAN, CLEAR, unsanitised full corporate offer - FCO (this document)

  • FCO must besigned and sealed by the seller/seller's mandate ONLY.

  • A FCO issued by seller or seller's mandate must have a letter stating that they have the authority to sell on behalf of the principal, and must be signed and witnessed by a public notary.

  • The gold must be in a recognised world bullion bank (safekeeping receipt,asset guarantee certificate)


2. The Buyer/Buyer's Mandate submits a letter of intent/LOI (RWA/RWAD) and a contract.


3. The Seller/Seller's Mandate responds with the signed and sealed contract with full banking coordinates, and an invitation for the Buyer's bullion officer to contact the Seller's bullion officer.


4. The Buyer/Buyer's Mandate signs the contract, and accepts the invitation of the Seller's bullion officer. The Buyer/Buyer's Mandate sends a hard copy of the contract/agreement signed by both Buyer and Seller with full banking coordinates.

5. The Buyer's bullion officer initiates the contact with the Seller's bullion officer by KTT.

6. 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.


7. 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.


8. 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.

THERE WILL NOT BE ANY "MONEY OR BANK INSTRUMENTS (SUCH AS BANK COMFORT LETTERS, BANK CAPABILITY LETTERS OR LETTERS OF CREDIT) UP FRONT FIRST". PRECIOUS METAL HAS TO BE PROVEN FIRST, THEN MONEY SECOND.

 

 Dated this _____ day of _______, 2000; for and on the behalf of:

X___________________________________________________
Signatory Seller (or) Authorized Sellerís Mandatory
Print Name:
Passport number and country of issue:

Recommended further reading:
Letter of intent - precious stones
Letter of Intent
Certificate of authority to sell


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These documents are for information purposes only and do not convey or imply advice, a request, offer or solicitation of any kind.
It is your responsibility to ensure that you are complying with your country's laws.

 

 

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