Custody Terms

This document is a starting template and must be reviewed by qualified legal counsel before the platform goes live.

Nature of custody

Assets are held as bailee for the client. Title remains with the client at all times. Assets are recorded as identified property and are not pooled with the property of other clients or of the company.

Intake and verification

Assets are photographed, weighed where applicable and checked against accompanying certificates. The results of inspection are recorded against the asset and are visible to the client.

Storage

Storage locations are selected by us with regard to security, insurance and operational requirements. Clients are informed of the location at the level of detail we are able to disclose.

Release and delivery

Assets are released only on instruction from the verified account holder, under dual authorisation, and only where all applicable fees are settled in accordance with the fee timing on the account.

Fees

Custody fees accrue for as long as an asset remains in custody and are invoiced in accordance with the billing period on the account. Delivery fees are calculated per consignment and shown in full before confirmation.

Records

Status changes, movements and financial records are append-only. Corrections are made by issuing a new record that references the original; nothing is silently overwritten.