Precious Metal Leasing
Gold Leasing
Corporate and Institutional clients borrow gold from UOBC; upon the maturity date, clients should return the gold and pay the interest in RMB. Through gold leasing, clients are able to support its working capital needs for its daily operation, enlarge financing channels, and at the same time, avoid the price risks induced by the gold price flutuations.
The service is available to suitable Corporate and Institutional clients and they will borrow gold from UOBC and pay the leasing interest in terms of RMB based on the contract. Lessee will return the same quantity of gold back on the due day of the leasing contract. The gold used for leasing consists of standard gold bars traded in Shanghai Gold Exchange (SGE). For example, Au9999 represents the one-kilogram (stardard weight) gold bar with purity of 99.99%. The process of returning the practical leased gold should be carried out and completed through the service system of SGE. Leasing period should be based on the business condition of lessee and the period cannot be longer than twelve months each time.
Sliver Leasing
UOBC offers the silver leasing business to the silver supply chain corporates or other silver users and its main functions are similar to those of gold leasing business: providing the financing supports and natural hedge silver price risk at the same time.
One thing needs to be highlighted: silver bar has the weight difference issue so the settlement should be based on actual delivered weight.
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