Shanghai Pudong Development Bank-Gold Leasing

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Gold Leasing

Gold leasing means our bank rent gold to your company for a certain period to meet your temporary demand for gold. You are bound to return the rented gold upon maturity and pay the interest for the gold.
Gold leasing of the bank is a manner of market oriented gold transaction. Our bank is a leading bank among the domestic commercial banks which made breakthrough in the area of gold leasing and the first bank which opened this business on domestic bank.

Subject and Conditions

If your company is a legal entity legally registered and an independent accounting unit with solvency, you could apply for gold leasing when you are in shortage of gold during your production or business operation.

You are registered under approval of industrial and commercial administrative departments. You have acquired the qualification of enterprise legal entity, business license for enterprise legal entity after annual inspection and permission for production and business operation.
You company maintains settlement and gold account and keeps good account record;
Your company has reasonable usage of the gold in compliance with related state policy and regulations;
Your company could provide guarantee recognized by our bank;
Your company has complete financial system and could report your financial statement to us timely and receive our supervision on your production, business operation and financial status.

Gold Interest

Gold interest is the rental your company should pay to our bank for borrowing the gold. Gold interest is calculated according to the original type of gold and paid in the form of money. A certain type of gold will generate gold interest in the same type for a certain period of time. This interest will be converted into currency according to the offer price of the gold on the day of leasing for interest settlement. The gold interest rate will be published by our bank regularly according to the supply and demand on the gold market.

Application Procedure

Your company should provide us with the following materials while applying for gold leasing:

A copy of the business license after annual inspection, a copy of the certificate of legal entity code, the personal identification of the legal representative or the letter of authorization and the identification of the authorized person;
The completed application form for gold leasing business;
The articles of association, the audited financial statements of last year and the latest one;
The basic introduction of the guarantor, its articles of association of the guarantor, and written consent of the guarantor to guarantee. The list of collateral and the written consent to pledge from the person who has the right to dispose the collateral.

After we received your application, we will carry out inspection before leasing and lease out the gold to you after internal verification and approval.

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