Bullion vaulting services integrate storage, assaying, electronic receipt coordination, and beneficial-owner access for permitted instruments. Vaulting services comprise storage and safekeeping of deposited bullion for bullion-related instruments and incidental services. They include testing ... Summary
Bullion vaulting services integrate storage, assaying, electronic receipt coordination, and beneficial-owner access for permitted instruments.
Vaulting services comprise storage and safekeeping of deposited bullion for bullion-related instruments and incidental services. They include testing through assayers under applicable bullion delivery standards where required, coordinating with depositories for the creation, transfer and extinguishment of Electronic Bullion Receipts, and providing deposit, storage and withdrawal services to beneficial owners. A recognised vault consists of Vault Manager-operated strong rooms meeting prescribed requirements, while a vaulting system is the network of vaults maintained by a registered Vault Manager.
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