Introduction
Gold lease refers to that the transaction counterparties lease gold from Bank of China, and return the same kind of gold upon maturity while pay the gold leasing interest with RMB. The lessee has the disposal right on the gold during leasing period.
Features
1. Return at any time. The customer can return the gold at any time according to his/her own conditions so as to terminate the gold leasing contract, but Bank of China has the right to properly adjust the interest rate of gold lease to remedy the loss caused by trading changes;
2. The product applies to gold circulation of enterprises using gold and advance sales by gold producers for hedging.
Currency
RMB
Term
No longer than one year
Price
Lease interest
Target Customers
Members or customers of Shanghai Gold Exchange
Process
1. Sign the general agreement, complete the procedure of credit, as well as open the account, and so on;
2. Form the transaction contract after price inquiry, and complete the transaction authentication;
3. Return the corresponding gold before the maturity day;
4. Complete the allocation and transfer of gold via the member service system of the Exchange.
|
