Deal Snapshot — Enter the offer, see what it is worth, and carry the result to your chain
Quantity
Price
Today's gold price
Filled in automatically from the live gold price in the currency selected; overwrite it only if the offer names a different reference. US dollars and euros are shown here. Any settlement currency can be configured for the transaction once the parties are engaged.
Deal terms and closing — optional
Parties to the offer
Optional. Each party added here is listed in the PDF.
What is being presented
| Market value of the gold, at today's price | — |
| Seller receives, at the gross discount | — |
| Buyer pays, at the net discount | — |
| The spread — gross to net — commissions and contract costs paid from it | — |
| Buyer's price against today's market | — |
The spread is shown as one figure. Payouts from it can be structured in unlimited configurations — sell side, buy side, paymaster, groups — once the parties are named.
The spread
Closing
Volume
| As offered | Fine gold at the purity stated | |
|---|---|---|
| Kilograms | — | — |
| Metric tons | — | — |
| Troy ounces | — | — |
| Grams | — | — |
| Pounds | — | — |
Price per unit
| Today's market | Gross — seller | Net — buyer | |
|---|---|---|---|
| Per kilogram | — | — | — |
| Per metric ton | — | — | — |
| Per troy ounce | — | — | — |
| Per gram | — | — | — |
| Per pound | — | — | — |
Every figure above is taken from the offer as entered and today’s published gold price. If any of them is wrong, the correction is welcome and easily made.
Bringing the offer to Magister Operis
Send the exported snapshot to
Standing, by party
| Owner or seller | The entity’s registration, and counsel acting for the owner. The ultimate beneficial owner (UBO) is identified to that counsel. |
| Buyer | An entity that owns the funds to purchase, or can evidence the infrastructure that ensures purchase performance. |
| Intermediary | Its introduction and the connections it knows of. Magister Operis defines the rest for packaging. |
A party whose standing is evident on the public record, such as an established operator with a competent corporate website, verifiable officers and published operations, is not asked for proof of funds or proof of product. A party with genuine assets or funds whose standing is not yet evident establishes it with the documents set out in Bank Compliance, on its own or with help from Magister Operis.
A UBO who prefers to stay off the record is accommodated. Magister Operis does not need the UBO’s name, accounts or banker; the UBO’s counsel holds them. That counsel is named, engaged, reachable on a firm-domain address and carries active professional indemnity (errors and omissions) cover sized to the transaction (Bank Compliance, item 3). Disclosure then runs counsel to counsel.
Commissions are paid at closing. Closing requires approval by the signatory’s partners or board, and they approve on records. The sooner the records arrive, the sooner the file is packaged.
Reference: what banks require, item by item, in Bank Compliance; why an owned-domain address speeds a file, in Professional Email Addresses.
KYC / AML
An offer is presented to a buyer once its file passes pre-compliance, the standard the world’s largest banks apply to each other (Wolfsberg Group). The file is defined item by item in Bank Compliance: the parties, their counsel, banking relationships and intermediaries, and the ownership, valuation and history of the metal. A file already in order is presented as it stands, and closes as fast as the obvious quality of its paperwork and the parties’ websites supports. Where a party wants a full set of legal documents within a bankable KYC package, that is available on request through Integrity as a Service.
Every engagement is governed by the firm's Method and Disclaimer; intermediaries should also review the firm's Due Diligence standards.