Electronic vault warrants

Electronic vault warrants

ATG World Capital¡¯s electronic vault warrants, or eVWS, are documents of title that allow an investor or trader to monetize the value of their gold or silver bullion being stored in Bullion Capital¡¯s approved vaults.
eVWs are issued through Bullion Capital¡¯s MetalDesk online trading platform. Each eVW represents one specific bullion bar and includes its unique identification attributes, such as bar number, refiner, weight and fineness.

Warrant Management

The owner of a gold or silver bar uses the automated drop-down functionalities of MetalDesk to create an eVW. Once the eVW has been created, the owner is able to ¡°pledge¡± the bar represented by the eVW to their Prime Broker. Through the eVW the bar can now be used as collateral; the value of the bullion can be used for trading the other asset classes that are provided by the Prime Broker.

While the pledge remains in place the bar is unavailable for sale or withdrawal. Once the terms of the warrant have been fulfilled and the client and Prime Broker electronically agree to remove the pledge, the pledge is cancelled and the investor is able to once again trade or take delivery of their bar.