Settlement delivery
As the central counterparty (CCP) for all transactions, ATG provides clearing and settlement services to market participants. Immediately after the execution of the transaction, the trade settlement and the corresponding bullion industry have the power to transfer, and repatriate any outstanding funds required at t + 1. After purchasing physical gold, silver or platinum through ATG, the gold bars of the transaction participants will remain in the designated ATG vault and secure storage area at the approved location; until a request is made to transfer, redeem or transfer it to another location. The bullion purchased can be sold immediately on the exchange, and the funds must be fully cleared before the bullion can be withdrawn. ATG will not receive customer funds directly. Client funds will be transferred to their members, while clearing members will settle transactions with ATG.
Prior to membership approval, applicants will undergo a rigorous review of the applicant's financial condition and require them to conduct credit checks, industry professional due diligence, and make initial margin deposits with ATG. Members are responsible for all positions they hold.