Effective May 1, 2010, HSBC Bank USA, an Exchange Licensed Depository for the storage of Gold, Silver, Platinum, and Palladium, will implement a new rate schedule for the storage and withdrawal of precious metals.
HSBC Bank USA Implements New Storage and Withdrawal Rates
HSBC Bank USA, N.A., an Exchange Licensed Depository for the storage of Gold, Silver, Platinum, and Palladium, has notified the Exchange of its new rate schedule for the storage and withdrawal of Gold, Silver, Platinum, and Palladium.
RATES AND CHARGES FOR PRECIOUS METALS
HSBC Bank Effective: May 1, 2010
Gold Storage $15.00 per contract/per month
Gold Withdrawal $25.00 per contract
Silver Storage $8.50 per bar/per month
Silver Withdrawal $25.00 per bar
Platinum Storage $20.00 per bar/per month
Platinum Withdrawal $30.00 per bar
Palladium Storage $20.00 per bar/per month
Palladium Withdrawal $25.00 per bar
In accordance with Exchange rules, the new rate schedule will become effective on May 1, 2010.
Please refer questions on this subject to:
Melissa Hubley firstname.lastname@example.org 312.435.3595
Energy & Metals Research:
Joann Arena email@example.com 212.299.2356