Common use of Trust Allocated Account Reports Clause in Contracts

Trust Allocated Account Reports. At the end of each London Business Day, the Custodian will provide the Trustee with access to information (i) showing the increases and decreases to the Physical Gold standing to the Trustee’s credit in the Trust Allocated Account and identifying separately each transaction and the New York or London Business Day on which it occurred and (ii) identifying each individual bar of Physical Gold held in the Trust Allocated Account. On each London Business Day, the Custodian will send the Trustee a notification of (i) each separate transaction, if any, transferring Gold to the Trust Allocated Account from the Trust Unallocated Account, (ii) the amount of Gold, if any, transferred from the Trust Allocated Account to the Trust Allocated Account and (iii) the closing balance of Physical Gold held in the Trust Allocated Account for such London Business Day, and the Custodian will use commercially reasonable efforts to send the notification by 12:00 noon (New York time). In addition, the Custodian will provide the Trustee with such information about the increases and decreases to the Gold standing to the Trustee’s credit in the Trust Unallocated Account on a same-day basis at such other times and in such other form as the Trustee and the Custodian shall agree. For each calendar month, the Custodian will provide the Trustee within a reasonable time after the end of the month a statement of account for the Trust Allocated Account which shall include the opening and closing monthly balance and all transfers to and from the Trust Allocated Account, accompanied by one or more weight lists containing information sufficient to identify each bar of Physical Gold held in the Trust Allocated Account as of the last London Business Day of the calendar month and the party having physical possession thereof, including any Sub-Custodian or any sub-custodian of a Sub-Custodian. The Custodian also will provide the Trustee with additional weight lists in respect of the Physical Gold held in the Trust Allocated Account from time to time upon the Trustee’s reasonable request. All such reports will be made available to the Trustee by means of authenticated SWIFT message, provided that, if the SWIFT messaging system is unavailable for any reason, the Trustee and the Custodian will agree upon a temporary notification system for making such reports available to the Trustee. Additionally, if agreed to by the Trustee and the Custodian, such reports will be made available to the Trustee by means of the Custodian’s proprietary electronic system.

Trust Allocated Account Reports. At the end of each London Business Day, the Custodian will provide the Trustee with access to information (i) showing the increases and decreases to the Physical Gold Platinum standing to the Trustee’s credit in the Trust Allocated Account and identifying separately each transaction and the New York or London Business Day on which it occurred and (ii) identifying each individual bar plate or ingot of Physical Gold Platinum held in the Trust Allocated Account. On each London Business Day, the Custodian will send the Trustee a notification of (i) each separate transaction, if any, transferring Gold Platinum to the Trust Allocated Account from the Trust Unallocated Account, (ii) the amount of GoldPlatinum, if any, transferred from the Trust Allocated Account to the Trust Allocated Account and (iii) the closing balance of Physical Gold Platinum held in the Trust Allocated Account for such London Business Day, and the Custodian will use commercially reasonable efforts to send the notification by 12:00 noon (New York time). In addition, the Custodian will provide the Trustee with such information about the increases and decreases to the Gold Platinum standing to the Trustee’s credit in the Trust Unallocated Account on a same-day basis at such other times and in such other form as the Trustee and the Custodian shall agree. For each calendar month, the Custodian will provide the Trustee within a reasonable time after the end of the month a statement of account for the Trust Allocated Account which shall include the opening and closing monthly balance and all transfers to and from the Trust Allocated Account, accompanied by one or more weight lists containing information sufficient to identify each bar plate or ingot of Physical Gold Platinum held in the Trust Allocated Account as of the last London Business Day of the calendar month and the party having physical possession thereof, including any Sub-Custodian or any sub-custodian of a Sub-Custodian. The Custodian also will provide the Trustee with additional weight lists in respect of the Physical Gold Platinum held in the Trust Allocated Account from time to time upon the Trustee’s reasonable request. All such reports will be made available to the Trustee by means of authenticated SWIFT message, provided that, if the SWIFT messaging system is unavailable for any reason, the Trustee and the Custodian will agree upon a temporary notification system for making such reports available to the Trustee. Additionally, if agreed to by the Trustee and the Custodian, such reports will be made available to the Trustee by means of the Custodian’s proprietary electronic system.