Scribd
Upload
2K views4 pages

Gold Bullion Sale Offer

The seller is offering to sell a quantity of gold to the buyer. The offer provides details on the commodity, including quantity, fineness, bar size, hallmark and age. The price will be set at the second fixing of the London gold market on the date of closure. The seller specifies terms around payment, delivery, and procedures for executing the transaction and subsequent rolls or extensions. The offer is valid for 10 days and includes a draft sales and purchase contract.

Uploaded by

RailesUsados
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
2K views4 pages

Gold Bullion Sale Offer

The seller is offering to sell a quantity of gold to the buyer. The offer provides details on the commodity, including quantity, fineness, bar size, hallmark and age. The price will be set at the second fixing of the London gold market on the date of closure. The seller specifies terms around payment, delivery, and procedures for executing the transaction and subsequent rolls or extensions. The offer is valid for 10 days and includes a draft sales and purchase contract.

Uploaded by

RailesUsados
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
  • Full Corporate Offer Introduction: Introduces the corporate offer, detailing the parties involved and a summary of the commodity and terms.
  • Procedural Details: Outlines the procedure from offer issuance to acceptance between the seller and buyer.
  • Detailed Offer Terms: Provides specific terms of the offer including pricing, discounts, commissions, and delivery details.
  • Additional Terms and Confirmation: Specifies further contractual obligations, exclusivity, and confirmation of terms by the seller.
  • Document Closure: Concludes the document detailing issuances and relevant security information for the transaction.

SELLER’S FULL LETTERHEAD

TRANSACTION CODE:
BUYER’S REFERENCE CODE:
SELLER’S REFERENCE CODE:
CONTRACT N°:
SAFE KEEPING RECEIPT N°:

FULL CORPORATE OFFER

DATE: .......... , 2009

TO: PRINCIPAL BUYER


C/O: ……………………………………..., Email: ................................................

SIR,

I ………………., WITH PASSPORT ……………., PRESIDENT & CEO OF ………………


……, WITH FULL CORPORATE LEGAL AUTHORITY, AND RESPONSIBILITY BOTH
PERSONALLY AND CORPORATE, AND UNDER PENALTY OF PERJURY CONFIRM
THAT, WE ARE READY WILLING AND ABLE (RWA) TO SELL AND DELIVER THE
FOLLOWING UNENCUMBERED COMMODITY, AS FOLLOWS:

COMMODITY : .........................................................

QUANTITY : __________________ (____MT) METRIC TONS WITH


ROLLS AND EXTENSIONS

FINENESS : 999.5/1000 OR BETTER

BAR SIZE : TWELVE POINT FIVE (12.5 KGS) KILOGRAMS

HALLMARK : INTERNATIONALLY ACCEPTED

AGE OF HALLMARK : ___ YEARS

LOCATION :

Seller’s Initial__________
Page 1 of 4
FULL CORPORATE OFFER (CONT.)

TRANSACTION CODE:
BUYER’S REFERENCE CODE:
SELLER’S REFERENCE CODE:
CONTRACT N°:
SAFE KEEPING RECEIPT N°:

PRICE : SECOND FIXING OF THE LONDON GOLD MARKET


ON THE DATE OF CLOSURE

DISCOUNT : ____(__%) GROSS; _____ (__%) PERCENT NET TO


THE BUYER

COMMISSION FEE : ONE (1%) PERCENT TO THE SELLER SIDE; AND


ONE (1%) PERCENT TO THE BUYER SIDE
CONSULTANTS

DELIVERY :

PAYMENT : BUYER’S BANK BULLION ACCOUNT TO SELLER’S


BANK BULLION ACCOUNT, IMPLEMENTING
BULLION CONTRACT, FOLLOWING STRICTLY
SWISS PROCEDURE.

PROCEDURE

1. SELLER ISSUES FULL CORPORATE OFFER (FCO) SIGNED BY THE SELLER,


TOGETHER WITH A DRAFT OF THE SALES AND PURCHASE AGREEMENT
(SPA).

2. BUYER RESPONDS BY SIGNING THE SPA WITH OR WITHOUT


MODIFICATIONS, AFTER NEGOTIATIONS WITH THE SELLER AND SELLER
ALSO SIGNS THE SPA, AND THE BULLION CONTRACT IS ALSO EXECUTED.

3. SELLER'S BULLION BANK CONFIRMS, WITH FULL BANKING RESPONSIBILITY,


THE QUANTITY, QUALITY OF THE COMMODITY, AND THAT SELLER HAS THE
RIGHT TO SELL, AND CAN DELIVER THE COMMODITY AT CLOSURE, AND
LIKEWISE, BUYER'S BULLION BANK CONFIRMS WITH FULL BANKING
RESPONSIBILITY THAT BUYER IS READY, WILLING AND ABLE (RWA), TO PAY
THE PURCHASE PRICE AT CLOSURE.

Seller’s Initial__________
Page 2 of 4
FULL CORPORATE OFFER (CONT.)

TRANSACTION CODE:
BUYER’S REFERENCE CODE:
SELLER’S REFERENCE CODE:
CONTRACT N°:
SAFE KEEPING RECEIPT N°:

4. THE BUYER, AND/OR HIS BULLION BANK HAS TWENTY FOUR (24)
INTERNATIONAL BANKING HOURS TO AUTHENTICATE THE COMMODITY AND
SUPPORTING DOCUMENTATION.

5. THE COMMODITY AND FUNDS CHANGES OWNERSHIP, IN ACCORDANCE


WITH NORMAL BULLION BANKING PROCEDURE.

6. SUBSEQUENT ROLLS AND EXTENSIONS SHALL STRICTLY ADHERE TO THE


ABOVE PROCEDURE.

NOTE:

1. ALL PARTIES INCLUDING CONSULTANTS' FEES, WILL BE PROTECTED BY THE


ISSUANCE OF AN IRREVOCABLE FEE AGREEMENT AND PAY ORDER BY
BUYER, INCLUDING ALL ROLLS AND EXTENSIONS OF ANY SPA BEARING THE
SAME PARTIES, AND ORIGINAL TRANSACTION CODE.

2. THIS FCO IS FOR THE EXCLUSIVE BENEFIT OF THE ADDRESSEE ONLY AND
SUPERSEDES ANY PREVIOUS FCO. THIS FCO CANNOT BE PUBLISHED OR
TRANSFERRED.

3. THIS FCO IS VALID FOR A PERIOD OF TEN (10) DAYS, STARTING WITH THE
DATE OF SIGNATURE.

THE ATTACHED DRAFT OF OUR SALES & PURCHASE CONTRACT (9 PAGES) IS


PART OF THIS FULL CORPORATE OFFER.

I, [AS SELLER’S MANDATORY] CONFIRM IN LIEU OF OATH TO HAVE PERSONALLY


REVIEWED THE OFFER FOR AUTHENTICITY AND GUARANTEE THAT, THE
OFFERED GOODS DO EXIST AND ARE FROM A BONA FIDE OFFERER.

Seller’s Initial__________
Page 3 of 4
FULL CORPORATE OFFER (CONT.)

TRANSACTION CODE:
BUYER’S REFERENCE CODE:
SELLER’S REFERENCE CODE:
CONTRACT N°:
SAFE KEEPING RECEIPT N°:

October 25th, 2006

________________________
Name:
Passport Number: ____________ Country of Issue: __________
Date of Issue: ___/___/_______ Date of Expiration: ___/___/_______

Seller’s Initial__________
Page 4 of 4

You might also like