Accordingly, credit institutions and enterprises that trade gold bars and have demand on taking participate in trading transaction with the State Bank shall apply directly or send by post 01 (one) registration dossier for establishing trading transaction for gold bar to the State Bank (Transaction Department). The dossier includes: registration application for establishing trading transaction relationship of gold bar with the State Bank; Enterprise Registration Certificate or Business Registration Certificate (certified copy); document for registering representative’s signatures of credit institutions and enterprises; authorization document of credit institutions and enterprises for transaction’s representative.
The transaction representative of credit institutions and enterprises having gold bar trading (direct trading) or winning bid (bidding) must sign to confirm the gold bar trading with the State Bank within 30 (thirty) minutes from the time of notifying volume, purchasing price, selling price with each credit institution and enterprise (direct trading), bidding results(bidding).
The State Bank shall cancel trading transactions of gold bar with credit institutions and enterprises. Credit institutions and enterprises must not re-establish trading transaction relationship of gold bar with the State Bank within 01 (one) year from the date of cancellation.
This Circular takes effect on March 13, 2012.
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