Precious metal prices10/4/2023 ![]() Therefore, a credit balance on an account means that the owner of the metal has credit exposure to the institution where the account is held. Ultimately, this reflects a debit or credit over an account, and the account holder has a contractual claim against the clearer – rather than a specific bar. Probably in excess of 90% of all precious metals traded on the interbank/wholesale/OTC market clear over unallocated Loco London accounts. The allocated and unallocated terminology simply reflects the type of account over which the metal clears post trading. It is an important distinction that it is not unallocated or allocated metal that is traded, but the metal itself. Clearly, gold, silver, platinum and palladium are all traded metals.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |