Gold Collateral Transactions The SelcomUK Way

 

Cheran Moore and Ernest Abraham are Gold Collateral Transaction Specialists commonly known as the Third Party Collector.

They specifically operate in the precious metal industry acting as the third party to facilitate Gold transactions a process that is unique and may sound complex.

Imagine a situation where a Seller wants to conduct a gold transaction with a Buyer. To ensure the deal goes smoothly they bring in a third party to facilitate the process.

First step in the Gold Collateral transaction is the cost calculation for fund availability. The Seller and Third party work together to calculate all the costs associated with the transaction. This can include everything from duties and levies, shipping costs and insurance, even the travel and hotel costs at the Buyer’s designated destination.

Once the costs are determined the next step is to ensure the funds are available to cover these expenses.

The third party acting on behalf of the Buyer ensures that cash is available upfront. Meanwhile the Seller provides collateral matching the equivalent value of the calculated costs.

The Seller then hands over the Gold to the Buyers designated refinery. Here an assay is conducted on the gold in the presence of the third party and the Seller. This involves testing the gold for its authenticity and value. 

After the assay is completed and the golds value is confirmed, the third party releases the cash equivalent of the calculated costs.

The gold collateral remains securely in the refinery locker until the transactions and payments are finalised. 

There you have it that’s how a gold collateral transaction works. It’s a seamless process where gold collateral ensures a secure transaction

For more information or enquiries please contact on WhatsApp:-
 

Cheran Moore +233 26 855 2556
 

Ernest Abraham +44 7889092586