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Introduction

"Spot" Metals

Metals Lending (PMdLP)

Metals Borrowing

Commercial Spot and Forward Forward Master Agreement

Precious Metals Accumulation Program (PMAP)

 



Getting Started

Physical Metals "Spot" Account

This is the most common type of Over-The-Counter (OTC) trading account.   In a "Spot" Transaction, you buy or sell physical precious metals for "prompt settlement".

"Prompt Settlement" means the exchange of physical precious metals for currency (usually U.S. Dollars) in full satisfaction of the terms and conditions of an OTC physical precious metals trade within two business days.

For example, if you purchase precious metals the entire value of your purchase must be funded by depositing "good funds" with Alliance by the Settlement Date. Conversely, if you sell physical precious metals, you must deliver the precious metals you sold (subject to the Delivery Terms of the particular trade, i.e. delivery location) free and clear by the Settlement Date.

Short Sales of precious metals not on deposit in your Alliance account at the time of sale requires prior approval.


Instructions: To view and print PDF files, you will need a copy of the Adobe Acrobat Reader. It may be downloaded for free from www.adobe.com

Step 1: Download and complete the following application and agreement(s). Note: If your account is being introduced or reintroduced to Alliance Financial by another broker, then you must also download and complete the following document and include it with your application submission.
Step 2: Make a copy of these documents for your records.
Step 3: Return both of these fully executed agreements to Alliance for processing. To expedite the initial review process, you may FAX them to:

FAX: 1 312/582.6738

We must receive and maintain original signatures in our permanent records, so in addition to faxing copies of the original Trading Application and Account Agreements, the fully-executed originals should be mailed to:

Alliance Financial, LLC
116 N. York — Suite 300
Elmhurst, Illinois 60126

Attn: New Accounts
RISK DISCLOSURE STATEMENTS
ANTI-TERRORISM and ANTI-MONEY LAUNDERING NOTICE

Important Information About Procedures for Opening a New Account — To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identified each person who opens an account.

What this means for you — When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. You may also be asked to provide a copy of the following Photo Identification Documents: a valid driver's license, a valid state issued ID card, a valid passport or other identifying documents.
PRECIOUS METALS RISK DISCLOSURE — There is risk of loss from Precious Metals trading. Past results are not necessarily indicative of future results. Precious Metals trading, even when done by a professional trader, presents substantial risk of loss, and only funds that a customer can afford to lose should be used for Precious Metals trading. You should carefully examine whether or not Precious Metals trading is suitable for you in light of your financial condition.
PRECIOUS METALS BORROWING/LENDING RISK DISCLOSURE — There is risk of loss in borrowing or lending of physical precious metals. You should carefully consider the risks associated with such borrowing or lending in the light of your individual financial circumstances.
PRECIOUS METALS GOOD FAITH DEPOSIT NOTICE — Because precious metals prices often fluctuate violently between the Trade Date and a trade's Settlement Date, IBS Metals/Alliance generally require a Good Faith Deposit (cash or collateral) of approximately 10% of the face value of the physical precious metals to be bought/sold to be on deposit prior to entering into binding transactions.

This Good Faith Deposit must be on deposit prior to entering into a trade or quoting firm prices. IBS Metals/Alliance will provide "indication only" price quotations on request prior to receipt of the required Good Faith Deposit. Adverse market movement will require the posting of additional funds/collateral on short notice.
 





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