This document presents the composition of reserves backing LQV liabilities, including bar counts, refiners, fineness, gross and fine weights, and storage locations. All weights reflect vault scale readings and standard fine weight calculations per LBMA guidance.
| Location | Bars | Gross kg | Fine troy oz | Custodian |
|---|---|---|---|---|
| Zurich (CH) | 2,184 | 27,126.77 | 871,245.10 | SecureVault AG |
| London (UK) | 516 | 6,412.93 | 205,478.22 | BritSafe PLC |
| Total | 2,700 | 33,539.70 | 1,076,723.32 | — |
| Refiner | Bars | Typical fineness | Fine troy oz |
|---|---|---|---|
| Argor-Heraeus | 910 | 999.9 | 362,145.10 |
| Valcambi | 740 | 999.9 | 292,004.77 |
| PAMP | 620 | 999.9 | 240,337.87 |
| Metalor | 430 | 995.0–999.9 | 182,235.58 |
| Serial | Refiner | Fineness | Gross kg | Fine troy oz | Vault |
|---|---|---|---|---|---|
| AH-7F3C… | Argor-Heraeus | 999.9 | 12.432 | 399.12 | Zurich |
| VC-118D… | Valcambi | 999.9 | 12.455 | 399.86 | Zurich |
| PM-0A92… | PAMP | 999.9 | 12.437 | 399.28 | London |
| MT-22B1… | Metalor | 995.0 | 12.451 | 398.01 | London |
Note: Full bar list with complete serials is provided to the independent auditor and custodian; anonymized excerpt is presented here for public review.
Reserve totals reconcile to the attested liabilities within a tolerance of < 0.05%. Differences are attributed to bar transfers in transit and rounding during fine weight conversions. Any variances beyond the tolerance trigger incident review by LQV risk and compliance.