Definition of PMD Unallocated Account

  1. PMD Unallocated Account means a loco London account maintained by the Custodian on an Unallocated Basis for the Precious Metals Dealer which may be used for facilitating a Delivery Applicant's taking Delivery of Physical Gold as provided in Section 2.6(b) and the Delivery Applicant Procedures.

Examples of PMD Unallocated Account in a sentence

  1. Unallocated Gold held in the PMD Unallocated Account shall be held by the Precious Metals Dealer for the account of the Trust until the physical gold relating to the Unallocated Gold has been delivered by the Precious Metals Dealer to the courier for further delivery to the Delivery Applicant, at which time the Unallocated Gold shall be held for the account of the Precious Metals Dealer.

Definition of PMD Unallocated Account in Trust Agreement

PMD Unallocated Account means a loco London account maintained by the Custodian on an Unallocated Basis for the Precious Metals Dealer which may be used for facilitating a Delivery Applicant's taking Delivery of Physical Gold as provided in the Trust Agreement and the Delivery Applicant Procedures.


Definition of PMD Unallocated Account in Shipping Agreement

PMD Unallocated Account means a loco London account maintained by the Custodian on an Unallocated Basis for the Precious Metals Dealer which may be used for facilitating a Delivery Applicant's taking Delivery of Physical Gold as provided in Section 2.6(b) and the Delivery Applicant Procedures.