GOLD SUPPLY SERVICES

Revolving(Pre-Finance)

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  • GOLD is a cash back commodity, and Mining is a capital-intensive venture. As such, the only way to secure regular supply at reasonable and realistic discounts is to Pre-Finance.
  • This arrangement allows clients consistent supply of GOLD at good discount.
  • Clients are required to make monthly orders for a minimum of 6 months. Supply commences 14 days – 30 days after full payment is received. The advantage is to have good reasonable discount and thereby increasing profit and satisfaction for our clients. This is 100% Pre-finance.

JOINT VENTURE

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  • This arrangement is there to address the insatiable desire of the investor who loves to partner a growing business. There is room for flexibility, safety, confidence, satisfaction, transparency and above all maximization of return on investment.
  • The terms are negotiable in this particular aspect that exploits the rich concessions available and under the management of M&C GROUP, the parent company of MNCSB.

TRADE

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  • The sister company of MNCSB TRADING DMCC, M&C Logistics And Trading is licensed to Purchase Gold from SMALL SCALE MINING Companies in Ghana. This opportunity puts M&C Logistics And Trading in a pole position to access Gold regularly when it is mined. Clients are implored to open a Metal Account with M&C Logistics And Trading for Gold Trading.
    With this account in place, Clients have an option to deposit funds into their Metal Account for ready Purchase once Gold is available. The advantage here is to have replicable access to Gold to be purchased to meet Clients' requests.

Export facilitation

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  • MNCSB TRADING DMCC through its sister Company M&C Logistics And Trading which is licensed by the Minerals Commission of Ghana, facilitates export of Gold from Accra, Ghana to any destination/refinery of the client through Emirates Sky Cargo or KLM,Royal Dutch Airlines as mandated by the conditions in the License. Clients in the UAE with Gold in Accra can utilize this service through MNCSB without travelling to Accra.

GOLD SUPPLY USING BANK INSTRUMENT

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  • MNCSB DMCC accepts the following banking instruments for Gold Supply Transactions
    1. Bank Guarantee (MT760BG)
    2. Stand by letter of Credit (SBLC)
  • CONDITIONS FOR MT760BG/SBLC
    For All banking instrument transactions, the following processes has to be duly followed:
    1. The Banking Instrument should be issued from or confirmed by a Top 20 Bank.
    2.The Monetizers verbiage will be provided for endorsement by the issuing Bank after the Buyer has confirmed the issuing Bank.
    3. The Seller will respond with a Tri-Party Agreement between Buyer, Monetizer and Seller.
    4. Once agreement is signed and lodged with respective Banks; the issuing bank will send MT199/999 to the Monetizers’ bank.
    5. The Monetizers Bank will verify and respond with RWA via Swift.
    6. The MT760BG/SBLC is issued to the Monetizer for 1year 1 day.
    Gold is supplied 30days after the LTV (Loan) is received from the Bank
  • PLEASE NOTE
    Clients are required to register and sign the Export Service Agreement before the commencement of any selected procedure. Charges on export are 1-1.5% of export value.

PROCEDURE

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  • Procedures, under which GOLD TRADING with MNCSB has been put together are as follows:-

  1. Opening of Gold Export Account.
  2. Contractual Agreement on Gold Trading Account.

Charges on export are 1-1.5% of export value. 


Conditions on Supply:

  • Revolving AgreementUnder this arrangement one has the opportunity to tie ends in supply of Gold with MNCSB for continuity. Registration with MNCSB is required.
  • Trading .     
  • This arrangement is to address Clients' GOLD trading activities at MNCSB on call time basis and it is accessible to registered Clients.