How We Trade Gold

Prior to entering into any transaction, the counterparty must complete the GOLD BRICK GOLD TRADING LLC's onboarding and compliance requirements.

Key Steps

• Submission of corporate KYC documentation
• Beneficial ownership disclosure
• AML / CFT, sanctions and PEP screening
• Source of funds and source of wealth verification
• Responsible sourcing declarations (where applicable)

No transaction shall be executed until the counterparty is approved.

2.1 Commercial Discussion

The Parties agree on indicative commercial terms, including:

• Product (refined bullion or doré)
• Quantity
• Purity / purity range
• Pricing mechanism
• Delivery location
• Settlement terms

2.2 Price Fixing

Price is fixed: at spot, or in accordance with an agreed benchmark-linked formula, as specified in the Trade Confirmation.

Upon agreement of commercial terms, the GOLD BRICK GOLD TRADING LLC issues a Trade Confirmation setting out:

• Transaction reference number
• Product specification
• Quantity and form
• Price and currency
• Delivery location
• Settlement deadline
• Governing MPA reference

The Trade Confirmation becomes binding upon issuance, subject to the MPA.

4.1 Buyer Payment

• Buyer remits payment in immediately available funds to the account specified in the Trade Confirmation
• Funds must be fully credited and confirmed prior to release of metal

No shipment or allocation occurs prior to settlement, unless expressly agreed in writing.

5.1 Refined Bullion

• Bars are allocated from approved inventory
• Inspection and assay are conducted at an approved facility in Dubai
• A final purity and weight report is issued

The Dubai assay report is final, conclusive and binding for settlement purposes.

5.2 Gold Doré

• Doré is allocated with declared weight and estimated purity range
• Origin and chain-of-custody documentation is prepared
• Final assay is conducted at the receiving refinery in accordance with contract terms

Prior to dispatch:

• Approved secure logistics provider is appointed
• All-risk cargo insurance is arranged
• Shipping documentation is compiled

Shipment notification is issued to the Buyer.

7.1 Refined Bullion

• Delivered to Buyer's nominated approved vault
• Seal verification and standard receiving procedures applied
• Vault receipt issued

7.2 Gold Doré

• Delivered to the designated approved refinery
• Weighing, sampling and acceptance performed in accordance with refinery procedures

Unless otherwise agreed in writing:

• Refined bullion: title and risk transfer upon delivery and acceptance at the receiving approved vault
• Gold doré: title and risk transfer in accordance with the applicable Trade Confirmation

All customs duties, taxes, testing charges, clearance fees and other expenses at or after the delivery location are borne by the Buyer.

Any discrepancy relating to packaging, seals or documentation must be notified promptly. Claims are handled strictly in accordance with the MPA.

Following delivery, delivery receipts and final documentation are exchanged, any outstanding commercial adjustments are reconciled, and transaction is formally closed.

For long-term offtake arrangements, Buyer issues periodic call-off notices and transactions follow the same procedural steps.

At all stages of the transaction, Gold Brick retains the right to conduct enhanced due diligence, request additional documentation, or suspend/terminate a transaction where compliance concerns arise.