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DIRECT SELLERS INFORMATION |
The OLC has developed solid business relationships with proven qualified buyer teams, buyers that are able to take any amount of discount gold bullion you have in tranches up to 1,000 MT. (or more after first tranche) We are always extremely pleased to receive offers from real direct sellers/title owners and their papered signatories. Our buyers are not concerned about location, most of the time they do not even want to move the bullion. This is especially good for UBS Bullion Certificate owners wishing to exit their investments. Whilst we prefer hallmarked bullion the age of the hallmark is not important as the discount offered should reflect the cost of re-smelting. We expect you to act in a professional manner and issue an FCO on seller or signatory letterhead with a seller transaction code and full contact information. Buyers will need to conduct due diligence on the bullion you are offering for sale and to that end it always assists a fast closing if you can provide the buyer or their signatory the following: 1. Full details of the title owner of
the Bullion (note the OLC is not requesting this information but the buyers signatory will) Our buyers will close as per one of our published procedures, please review these procedures for acceptance.
Our buyers no longer travel to attend TTM meetings due to the past cost and wastage experienced. DO NOT place banking information on any document. All confidential information i.e. Banking, POF and POP is restricted to signatory / end buyer/end seller / Bank Officer / levels of communication and should not be disclosed to our offices or any other party. The OLC is very happy to act as seller mandate or sell facilitator if required however to do so we would in that event require all due diligence information on the bullion being offered. I look forward to receiving your FCO.
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