Bullion depository receipts require prescribed title particulars, while omissions may attract damages without invalidating dispute or claim settlement. Bullion depository receipts are documents of title to bullion and must contain prescribed identification, vault, depositor, delivery, bullion-description, ... Summary
Bullion depository receipts require prescribed title particulars, while omissions may attract damages without invalidating dispute or claim settlement.
Bullion depository receipts are documents of title to bullion and must contain prescribed identification, vault, depositor, delivery, bullion-description, marking, and authentication particulars, along with any additional particulars required by the bullion exchange or the Authority. A vault manager is liable for damages caused by wilful omission of required particulars. Such omission alone does not invalidate the receipt for settlement of disputes or claims.
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