Allocated accounts are opened when a customer requires title or ownership of specific bars. The client has full title to the metal in the account, with the dealer holding it on the client’s behalf. Clients’ holdings are identified in a weight list of bars, showing the unique bar number, gross weight, the assay or fineness of each bar and its fine weight. Credits or debits to the holding are linked to the physical movements of bars, to or from the client’s physical holding.
Clients can also purchase metal on an unallocated basis.
EBLN DMCC enables clients to trade all OTC precious metals on offer and have them stored on their behalf on an allocated basis within the UK. Fully insured. No VAT*. No service fees. On request they can then also be physically delivered also.
*subject to change
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EBLN DMCC is a member of the Global Legal Identity Identifier Foundation, a global database of financial firms.
LEIRN: 8945008XMZ80RQAVSI28. Registered as a Dubai Free-zone company under UAE Law.
EBLN DMCC is licensed to trade precious metals and stones, licensed by the Dubai Multi Commodities Centre and member of the Dubai Chamber of Commerce. License Number: DMCC – 268227.
Registration Number: DMCC78715. VAT registration Number: TRN 100052752100003.