Depositing & Delivering of Bullion Into the ABX Vault Network
The ABX global storage service operates on an allocated and unsegregated basis (segregation is an optional extra). The priority is to preserve the integrity of the bullion stored in the ABX global storage network.
Do Clients Have the Ability to Deposit?
Due to the absolute need to maintain bullion integrity, it unfortunately means that GoldVu clients cannot deliver coins that exist outside of the ABX Storage Network into an ABX vault.
However, bar deliveries may be considered, and only on a case by case basis pending the complete production of the required documents proving the bullion's full chain of integrity all the way back to the refiner of origin.
So Who Can Deliver to the ABX Vaults?
Only approved ABX Liquidity Providers eligible to deposit bullion into the ABX global storage network. An approved Liquidity Provider is usually either a Good Delivery Refiner as listed in ABX's Source List or an ABX approved assayer / inspector.
All bullion coming into the ABX global storage network must come either directly from the refiner or from the depositing member's storage facility. All of the bullion to be deposited must come with an accompanying Refiner Certificate (sometimes referred to as a bar list, or Refiner's bar list).
The deposited bullion must be accompanied by a bar list that states the refiner, serial number and receiving location for each of the bars being deposited. A completed paper trail proving the full chain of integrity from the refiner to the ABX global storage network needs to be established before the bullion can be accepted by ABX.
Deposited bullion is initially delivered to the temporary storage area of an ABX Vault where it is then inspected and systematically verified. This process checks and cross-references the delivery request and associated supporting documents against the physical bullion's:
- Bar serial numbers
- Individual bar weight
- Fineness of each bar, as shown on its hallmark
- Brand on each bar, as shown on its hallmark
- The bullion is also checked to ensure that it is free from damage and interference.
If there are any discrepancies found during the above process, including damage or interference found to the bullion, then the bullion will be transferred to the quarantine area of the ABX vault.
Once complete, the bullion will then be approved for transfer from the temporary storage area to the secure storage area of the vault. Upon transfer, it is considered delivered into the ABX global storage & vault network. If your bullion is in a T+15 delivery trade cycle, it will be at this point that your Central Holding will be updated and you will then be able to trade it.