Transaction code (s): Seller: ______________Buyer: _____________
Quantity: ___ Metric tons
Quality: Good London Delivery bars (1 and 12.5 kilogram)
Delivery: Buyer’s Bullion Bank in Europe TBA
Discount: __% Net based upon 2nd London Fix on day of acceptance by Buyer’
Payment: Within 48 hours of acceptance by Buyer’s Bank to Seller’s Bank or
Fees: Eurobrand Inc., Buyer’s Agent is paid by Buyer.
Lifts: To be determined between Buyer’s and Seller’s Bank(s)
We, (the Seller and Buyer), stand Ready, Willing and Able to complete this transaction per
the International Bullion Procedures as follows:
1. This document is signed by the Seller (or his representative) and the Buyer (or his
representative) with a signed copy to each party.
2. The Seller’s Bank Officer(s) confirms the transaction to the Buyer’s Agent including quality,
quantity, delivery, and discount . The confirmation will be within ___days of signing this
3. After verification of #2 Buyer’s Agent will cause the Buyer to forward his Irrevocable
Purchase, with full banking, to the Seller’s Bank Officer, for immediate closing. The
Irrevocable Purchase Order will be sent within 24 hours of receipt of #2, or next day banking.
Buyer will provide his Bank Officer with a copy of this Agreement, the Selling Banks
confirmation of the transaction and his Irrevocable Purchase Order so both Banks will have
the same paperwork.
4. Seller’s Bank Officer contacts Buyer’s Bank Bullion Officer for confirmation of funds and
The non-circumvention agreement covering the brokers.
We (Seller and Buyer) will not circumvent any agents to establish future
Gold transactions or enter into negotiation with any Seller or Buyer (or
their representatives), which has been disclosed within this transaction, to
avoid payment of fees. This will remain in affect for five (5) years from the
date this document is signed.
Agreed and Accepted:
Name Title Date
Agreed and Accepted:
Mel Goldberg Buyer’s Agent Date
Please read and understand the attached contract.
*We use this contract because it exactly follows International Bullion Procedures, Good
London Delivery Procedure and Swiss Procedures.
*The contract can be lodged in any Prime Bank, London Bullion Market Association
recognized refinery and all Bullion Banks.
*It does not favor either the Seller or the Buyer. It is very straight forward so nothing should
*The Seller (or his representative) and the Buyer (or his representative) are identified. The
Seller and Buyer will want to remain confidential.
*Transaction codes: Seller and Buyer (this is for identification purposes at the respective
banks or refinery (s).
*Definition of the transaction:
What it’s for?—Gold.
How much gold (quantity)?
Good London Delivery Hallmarked bars (quality).
The end destination is the Buyer’s Bank where the bars are verified and accepted product,
on behalf of the Buyer (delivery).
What the offered incentive is to buy (discount).
How quickly the gold will be paid for after acceptance by Buyer’s bank (within 48 hours).
Amount of product that can be moved (lifts) per day, week or month which will be determined
by the Banks—not the Seller, not the Buyer and not the Brokers.
Both parties agree to complete the transaction as shown above.
Parties agree to agree.
Sellers proof of product, ability to sell and deliver gold to the Buyer’s Bullion Bank in
Buyer guaranteeing payment (through his Irrevocable Purchase Order), his banking
information and bullion officer (who will guarantee payment for all gold received on behalf of
The transaction now becomes bank to bank.