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Announcement of Storage Fee Adjustment (Transaction Vault), Lease Registration Fee Adjustment, and Exemption of Inventory Swap Transfer Fee (Deposit Vault) from May 2017 to December 2017

Date: 2017-04-28

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Dear Members, 

SGE is going to adjust the fee schedule of its transaction vault storage fee and lease registration fee after the launching of the GEMS-2 System, detailed information regarding of the new fee schedules are listed here below:

1.The storage fee for gold and platinum will be 1.2RMB per kilogram per day for both load-in inventory and traded inventory, the storage fee on load-out day will be 1.2RMB per kilogram. The old fee schedule of storage fee (0.6 RMB per kilogram per day for traded inventory, 1.8 RMB per kilogram per day for load-in inventory, 1.8 RMB per kilogram on load-out day) will not be applicable after the effective of this adjustment. The storage fee schedules of the IB Certified Vault for all international members and customers remain the same as before. The storage fee adjustment shall be effective after the fund clearing period on end-of-day April 25, 2017.

2.The lease registration fee schedule and colleting manner for gold and platinum will be adjusted from 6RMB per kilogram for each lease and repayment to 12 RMB per kilogram for each lease, but no charge on repayment. The lease registration fee schedule and colleting manner for silver will be adjusted from 1RMB per kilogram for each lease and repayment to 2RMB per kilogram for each lease, and no charge on repayment. The lease registration fee adjustment shall be effective after the end-of-day fund clearing period on April 28, 2017.

Besides the fee adjustment of storage fee and lease registration fee, SGE is further decided to exempt inventory swap transfer fee of all members and customers, for the purpose of promote the business of the Certified Deposit Vault. The exemption period will effect from the end-of-day fund clearing period on April 28, 2017, and will come to a close before the end-of-day fund clearing on December 29, 2017.



Shanghai Gold Exchange
April 28, 2017

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