Common use of OPTION PRICING Clause in Contracts

OPTION PRICING. The Seller may, at its discretion, be either the seller or the buyer of European Style Gold Options (for Loco London delivery). Any option premium due will be payable on the premium value date (the option premium value date is generally 2 business days from the date of buying or selling the option). If an option is exercised, the delivery and value date shall be 2 business days from the exercise date (unless otherwise agreed by Buyer and Seller). Buyer’s standard terms and conditions shall apply to any transaction outlined above. The standard terms and conditions are outlined in the Master Trading Agreement which will be executed separately.

OPTION PRICING. The Seller may, at its discretion, be either the seller or the buyer of European Style Gold or Silver Options (for Loco London delivery). Any option premium due will be payable on the premium value date (the option premium value date is generally 2 two business days from after the date of buying or selling the option). If In the event that an option is exercised, the delivery and value date shall be 2 two business days from after the exercise date (unless otherwise agreed by Buyer and Seller). Buyer’s standard The terms and conditions set forth in that certain Master Trading Agreement dated as of March 6, 2015, between Buyer and Seller shall apply to any transaction outlined above. The standard terms and conditions are outlined in the Master Trading Agreement which will be executed separately.