Bullion Accounts
Bullion Accounts can be opened for both Commercial Entities or Individual Investors
1. Standard Accounts – A Standard Bullion Account offers the basic services expected by most depository commercial customers, particularly high volume, large scale trading and dealing houses, such as insured custody, daily account transaction confirmations, and month-end inventory reports, and personal customer service.
2. Custody-Plus Account – The Custody-Plus Bullion Account provides numerous additional services and features, beyond those offered with a Standard Bullion Account. These include, among many others, the verification, reporting and storage of individual bullion coins by year or mint mark, rather than simply by metal and coin type. Due to the considerably more labor, and liability associated with providing such detailed servicing, the costs of this service range from 20% to 40% higher than a Standard Custody Account.
Note: Assets stored in all commercial accounts are segregated and held separate and apart from the assets of all other First State customers.
