Common use of Debiting Bullion Account Clause in Contracts

Debiting Bullion Account. 7.5.1 Where PTM requests to withdraw Bullion pursuant to this Clause 6.6, PTM’s Holdings shall be debited according to the Product and quantity being withdrawn. PTM shall be restricted from trading on this Bullion from time of requesting withdrawal. 7.5.2 PTM accepts that when it withdraws Bullion pursuant to this Clause 6.6 that ABX provides no assurances or guarantees whatsoever that the withdrawn precious metal is identical to any Bullion that may have been originally deposited by PTM. 7.5.3 Notwithstanding the above Clause 7.5.2, ABX shall ensure that where PTM withdraws Bullion pursuant to this Clause 7, the Bullion that is delivered to PTM shall be one of the following: a. in the case of fixed weight contracts, of the same Prescribed Form; or b. in the case of various weight pooled contracts, of an identical Ounce weight.