What is a precious metal loan?

Loan for use is reserved for goldsmith companies, precious metal dealers and companies that work the metal or deliver it to third parties for processing. It is an operation centred on the procurement of the raw material for subsequent processing. Instead of buying the required amount of metal immediately, it is acquired on loan for a given period of time against payment of interest.
With the possibility to extend the period, to purchase the metal definitively or to return an identical quantity of metal on expiry of the period.

Conditions

• Metals: AU-AG-PT-PD
• Interest payment: quarterly in arrears
• Interest rate: fixed or variable
• Other costs: commission for the letter of credit by a Swiss Bank