Bullion depository receipt delivery requires payment of vault charges and surrender of the receipt for cancellation. Delivery of bullion to the beneficial owner of a bullion depository receipt is conditional upon payment of all charges due to the vault manager and ... Summary
Bullion depository receipt delivery requires payment of vault charges and surrender of the receipt for cancellation.
Delivery of bullion to the beneficial owner of a bullion depository receipt is conditional upon payment of all charges due to the vault manager and surrender of the receipt for cancellation. The vault manager must not release the bullion until both requirements are satisfied.
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