Unallocated Gold definition

Unallocated Gold means gold held on an Unallocated Basis.

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Unallocated Gold means physically unallocated gold meeting the currently valid standards of the London Bullion Market Association for delivery and purity.

Unallocated Gold means loco London gold complying with the Good Delivery Rules of the LBMA, giving a right to require the delivery of a certain amount of gold but without evidencing uniquely identifiable bars of gold;

Examples of Unallocated Gold in a sentence

• No short-selling of Unallocated Gold is permitted in the Unallocated Gold Program.

• This Supplement (the "Supplement") to the Interactive Brokers LLC Client Agreement is made between Client and Interactive Brokers LLC ("IBKR") and sets forth the conditions under which IBKR agrees to permit Client to purchase, hold, or sell unallocated gold on the IBKR platform (the "Unallocated Gold Program") and to convert unallocated gold to allocated gold and take physical possession thereof.

• The cost to convert will be the sum of (i) the spread between (x) the cost of Bullion in the specific form you have selected and (y) the quoted spot Unallocated Gold cost plus (ii) the cost of shipping the gold to you plus (iii) a handling fee plus (iv) the surrender to IBKR of the Unallocated Gold to be converted.

• Under the Unallocated Gold Program, IBKR will offer you the ability, within your Account, to (i) purchase Unallocated Gold from IBKR on an unleveraged basis and to (ii) sell some or all of your existing position of Unallocated Gold previously purchased from IBKR, at prices to be quoted by IBKR from time to time.

• Unallocated Gold in your account will not be assigned any margin value for purposes of determining your Account's compliance with either securities or commodities margin requirements.

• The minimum quantity of Unallocated Gold that you may convert to Allocated Gold at any one time is one (1) ▇▇▇▇ ounce.

• You may only purchase Unallocated Gold on a fully-paid-for basis, and IBKR will provide no margin, leverage, or financing of any kind, directly or indirectly, in connection with the purchase of Unallocated Gold in the Unallocated Gold Program.

• You may choose to convert Unallocated Gold to ownership of specific Bullion coins and bars ("Allocated Gold") and take physical possession of such Allocated Gold at any time under such terms and conditions (including fees) as we may advise you from time to time.

• Your continued use of the services offered under the Unallocated Gold Program shall constitute conclusive evidence of your acceptance of such revision or amendment.

• Custody fees, trading commissions, and any other fees applicable to the Unallocated Gold program shall be as specified on the IBKR website from time to time at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/en/index.php?f=1590&p=metals.

More Definitions of Unallocated Gold

Unallocated Gold means gold held on an Unallocated Basis. “USA Patriot Act” means the Uniting and Strengthening of America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act. 1.2

Unallocated Gold means a specified number of ounces of gold that represent a specific, but undivided, proportionate interest in bulk, generic Bullion owned by IBKR for your benefit and for the benefit of other IBKR clients.