Exchanging SGBS & WGLD for physical gold

Step 1: Please take time to read the FAQs, Terms and Conditions for the Exchange of Physical Gold and the exchange form.

Step 2: Confirm who the Registered Holder is. Given that most individual investors hold their SGBS/WGLD securities through a brokerage account, very few individual investors will be the registered holder. It is best to speak directly to your broker to discuss how your securities are held. If you believe you are a registered holder, you can contact WisdomTree directly at [email protected] to confirm.

Step 3: VERY IMPORTANT: Both you and your client will need to provide the relevant customer due diligence/anti-money laundering ("CDD/AML" documentation). We cannot begin the process until we have received the required CDD/AML information and performed the necessary review. For the detailed requirements, please refer to the CDD/AML documentation.

Once we complete the CDD/AML process, you will be able to submit the exchange form.

Step 4: Ask the Registered Holder in CREST to complete the exchange form. Your broker will need to provide certain details including:

• The Registered Holder’s CREST account details (Part A of the exchange form). This will allow us to match the broker’s trade in CREST when they redeem the relevant SGBS or WGLD securities;
• The name of the registered holder; this will most likely be the name of a broker’s nominee or depositary account (Part B);
• Your name as beneficial owner (Part C)
• The number of securities you wish to redeem of either SGBS or WGLD. You will need to give this information to your broker and/or the Registered Holder (Part D);
• You will need to make clear which bank you wish to have your bullion delivered and provide relevant account details and a contact name at that bank.
• The Broker and/or the Registered Holder will need to provide a contact number and sign (Parts H and I).

Your Broker and/or Registered Holder can send the exchange form by email or post:

Email: [email protected]

Phone: +44 1534 722 787

Post:
The Administrator,
WisdomTree Physical Swiss Gold Securities Redemption,
IFC 5
St Helier
Jersey, JE1 1ST

Step 1: WisdomTree is offering a service whereby SGBS and/or WGLD securities can be redeemed directly for physical bullion. Your client is requesting the direct redemption of SGBS or WGLD securities in exchange for physical gold by delivery of the bullion to a bank either registered in Germany (in the case of SGBS) or in the United Kingdom, Germany or Switzerland (in the case of WGLD). Please take time to read the FAQs, Terms and Conditions for the Exchange for Physical Gold and the exchange form.

Step 2: You and your client will need to confirm who the Registered Holder is. Given that most individual investors hold their SGBS or WGLD securities through a brokerage account, very few individual investors will be the registered holder. Most beneficial owners of exchange traded securities hold those securities in brokerage accounts, and their brokers hold the securities through additional accounts (often called “nominee accounts”). As an issuer, WisdomTree Metal Securities Limited can only see the names of these nominee accounts on its register. The registered holder of the SGBS or WGLD securities may apply for redemption on its own behalf, or as nominee on behalf of the beneficial holder. Additionally, SGBS or WGLD securities held in settlement systems outside of CREST will need to track the ownership chain through to the ultimate CREST holding. As a result, your client will likely need your help in completing the redemption process.

Step 3: VERY IMPORTANT: Both you and your client will need to provide the relevant customer due diligence/anti-money laundering ("CDD/AML" documentation). We cannot begin the process until we have received the required CDD/AML information and performed the necessary review. For the detailed requirements, please refer to the CDD/AML documentation.

Once we complete the CDD/AML process, we will confirm receipt of the exchange form and commence the exchange.

Step 4: You may need to help your client complete the exchange form and Brokers will generally need to provide the following details:

• Your CREST account details. (Part A) Please note that redemption of the SGBS or WGLD securities will be free of payment, with the securities delivered to the Issuer and matched in CREST but no cash flowing the other way. The Issuer will provide a confirmation of the transfer of gold to the relevant unallocated account of Metalor who will then deliver to the relevant bank registered in Germany (in the case of SGBS) or in the United Kingdom, Germany or Switzerland (in the case of WGLD).
• Please enter the name of the registered holder (your nominee or depositary account name) (Part B);
• Please enter the name of the beneficial owner (Part C);
• The number of securities of either SGBS or WGLD your client wishes to redeem (Part D);
• You will need to make clear which bank you wish to have your bullion delivered and provide relevant account details and a contact name at that bank (Part E);
• Provide contact details for confirmation of redemption and exchange and sign the exchange form (Parts H and I). It is important the exchange form is signed by the Registered Security Holder.

You or your client can send the exchange form by email or post:

Email: [email protected]
Phone: +44 1534 722 787
Post:
The Administrator,
WisdomTree Physical Swiss Gold Securities Redemption,
IFC 5
St Helier
Jersey, JE1 1ST