What Does a Private Placement Agent Do?

Acting for the gold and silver collection and sales business in accordance with the State Council s gold and silver management measures, all departments and units are also not allowed to store gold and silver by themselves, and should be handed over to the People s Bank for acceptance. Although gold and silver in private hands are protected by the Constitution, The price is circulated. If you need to exchange it, you can only apply to the People's Bank of China. All departments, units and private individuals can apply to the People's Bank of China for placement and distribution of gold and silver required for production and consumption. It can be seen that the country attaches great importance to Such precious wealth as gold and silver is not only the material information necessary for production, production, and consumption, but also an important payment method in international trade. Management and verification must be strengthened. At present, except for the bulk of gold and silver sales and sales, the People's Bank of China Except for direct processing, the rest are entrusted to professional banks for processing. This is the agency's gold and silver collection and sales business. For the gold and silver redemption business, the banks at all levels of the professional bank should prepare an approval form for the gold and silver acquisition plan together with the previous year. The implementation plan of the acquisition plan is reported to the head office level by level and implemented after approval. When redeeming gold and silver, it shall be signed by an appraisal officer. The scale weighs (in grams as a physical unit of measurement), and fills in a "receipt of gold and silver valuation slips" in triplicate according to the redemption price uniformly stipulated by the head office of the People's Bank of China, while registering the gold and silver accounts (household accounts). Professional banks collect Except for the exchange of gold and silver, the remaining packages should be sealed and sold to the local People's Bank at the exchange price on a regular basis. At the same time, the People's Bank pays a 10% commission on the exchange price. The funds used by banks to accept gold and silver will no longer pay interest. For the gold and silver placement business, banks at all levels of the professional bank shall prepare an annual approval plan for the gold and silver placement plan together with the execution plan of the previous year s placement plan and report it to the head office. Executed after approval. When placing gold and silver, the manager shall review the application, weigh the weight, and fill in a "quotation for placing gold and silver price" in quadruplicate according to the transfer price uniformly stipulated by the head office of the People's Bank of China. The temporary receipt of the proceeds from the placing shall be regularly transferred to the People's Bank of China, and at the same time, the People's Bank of China shall pay the transfer price of 5. It shall be paid to the trustee professional bank as a handling fee. When special circumstances of gold and silver collection and sales are encountered Should be handled as follows: 1. When the price of gold or silver rises or falls: the head office of the People's Bank of China adjusts the price of gold or silver according to the objective economic situation or the transfer price, and the professional bank receives the price adjustment notice and then transfers the money separately. The treatment of income or loss does not affect the gross and net weights of gold and silver held by professional banks. At the same time, professional banks should regularly transfer temporary payments and temporary payments to the People's Bank of China. Weighing time; the gold and silver inventories of professional banks rise before the sale of the People's Bank of China or during diplomatic sales, and are regarded as the income of professional banks, and the color reduction (including the false receipt of false gold and silver) is treated as the loss of professional banks ^[1]