through one of our senior partners itbc group has access to au metal directly from mines with refinery contract or through swiss procedure on a bank to bank basis. commodity : aurum utelium (au) metal; standard : 12,5 kg bullion bars gld (good london delivery); purity : 24 karat (999.5 /1000 or better); quantity : 500 mt (five hundred metric tons) in 50mt trenches within the contract period length and delivery agreed, with rolls and extensions hallmarks : internationally accepted �good london delivery� (gld) specifications and standards); price : second fixing london bullion market (lbm), on day of delivery or day of transaction; discount: six percent (6%) gross; four percent (4%) net, to the buyer; one percent (1.0%) to be paid to seller�s side (closed) one percent (1.0%) to be paid to buyer�s mandate and intermediaries; payment : all payments will be in good, clean, clear us dollars of non-criminal and non-terrorist origin, or in same euros, bank payment order communicated via swift negotiated with and accepted by the buyer�s bank along with the swiss metal procedure standards and transfer. the following au gold metals documents shall be presented bank to bank by the seller's bank to the buyer�s bank for verification, acceptance and payment after the buyer�s bank has given evidence of the funds: 1. certificate of origin 2. certificate of purity 3. commercial invoices issued by seller and signed by the buyer�s assayer or buyer�s inspector at the place of delivery 4. export license 5. certificate of ownership 6. international accepted assay certificate 7. official export permits and license certifying it is freely exportable and tradable; receipt of customs and duty payment at country of origin 8. certificate guarantying it is free of all liens and encumbrances of any kind whatsoever and of any nature whatsoever; 9. transfer of the certificate of title and ownership declaration issued by the seller 10. packing list procedures for bank to bank au transaction (swiss) a. buyer issues signed loi and bcl. b. seller issues fco & buyer returns signed fco indicating acceptance. c. seller & buyer exchange and seal a purchase and sale agreement. buyer and seller lodge contracts with their respective banks d. buyer�s bank supplies to seller�s bank evidence of funds, bank statement and/or any other documentation proving that they are financially healthy to enter the deal. e. on successful verification of the documentation identified in clause (d) the seller will arrange that all evidence of proof of product is sent to buyer�s bank f. seller�s bank will swift to buyer�s bank confirming the existence and transferability of merchandise. g. buyer�s bank will respond with confirmation of payment. h. transaction is completed on a bank-to-bank basis.