HSBC Bank, an Exchange Licensed Depository, has notified the Exchange that it is increasing the rates and charges for precious metals at its vault locations.
These new rates will become effective on October 1, 2007 and are the maximum amount of fees that will be charged.
Gold
Storage charge - $12.00 per bar/per month
Withdrawal charge - $25.00 per bar/per month
Silver
Storage charge - $6.00 per bar/ per month
Withdrawal charge - $25.00 per bar/per month
Should you have any questions regarding this notice, please contact Sharon Weiss (312-341-3097), Joe Miller (312-341-3426) or Terry Gehring (312-435-3644) of Market Regulation.