Silver exchange traded fund scheme: permits investment solely in silver instruments with custody, liquidity and valuation rules. Introduction of silver exchange traded fund scheme permitting schemes that invest primarily in silver or silver related instruments, with custodial amendments allowing registered custodians to hold silver assets. Moneys collected must be invested only in silver or silver related instruments except for disclosed liquidity needs; pending deployment, funds may be held in short-term bank deposits. Recurring expenses expressly include storage and handling of silver. Valuation of silver is tied to the LBMA AM fixing price with metric and currency conversions and additions for transportation, handling and notional duties or a notional delivery premium.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Silver exchange traded fund scheme: permits investment solely in silver instruments with custody, liquidity and valuation rules.
Introduction of silver exchange traded fund scheme permitting schemes that invest primarily in silver or silver related instruments, with custodial amendments allowing registered custodians to hold silver assets. Moneys collected must be invested only in silver or silver related instruments except for disclosed liquidity needs; pending deployment, funds may be held in short-term bank deposits. Recurring expenses expressly include storage and handling of silver. Valuation of silver is tied to the LBMA AM fixing price with metric and currency conversions and additions for transportation, handling and notional duties or a notional delivery premium.
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