Common use of Price Calculation Clause in Contracts

Price Calculation. You agree that the price for any purchase or redemption of Gold for any transaction within your Goldmoney Personal or Business Account will be based on the Best Bid or Offer (“BBO”) in each respective vault location as reflected by the Aurum pricing engine (“Aurum”). You accept that ▇▇▇▇▇ collects and distributes real-time Gold prices from bullion counterparties quoting bids and offers for the purchase or sale of physical Gold bullion at each respective vaulting location where Goldmoney maintains a Vault. These prices are reproduced on the Goldmoney Website continuously, with the live price displayed, being the average of the BBO at any given time. The price at which Goldmoney will sell Gold to you is the BBO plus the applicable rate. However, should you make a purchase of 0.010 grams or less, the transaction fee applied shall be 0.001 or the applicable rate, whichever is greater. The exception is for transactions occurring on weekends and holidays in New York when there is no BBO quotation from counterparties, at which time the rate will be the rate posted on the Goldmoney Website. Aurum prices will reflect the internal liquidity provided by the Goldmoney market making operations and a purchase quote will be provided to you within your order at the time of you making your transaction for transactions occurring from Friday at 5:01pm EST to Sunday 6:29pm EST.