MARKET BENCHMARK SOURCE

1. Gold Spot Price

The valuation of investment gold is based on an international market benchmark (spot benchmark) derived from global market quotations and exchange prices.

The benchmark is determined at the time the transaction is fixed and confirmed.

2. Foreign Exchange Rate

For foreign exchange transactions, the Company uses an interbank market benchmark based on current foreign exchange market quotations.

3. Benchmark Fixing

The benchmark is fixed immediately prior to the confirmation of a transaction.

Once the benchmark has been fixed, the transaction parameters cannot be modified.

LIMITATION OF LIABILITY

1. General Principles

1.1. The liability of VS AURUM shall be limited to the value of the specific transaction concerned.

1.2. The Company shall not be liable for:

  • Changes in market quotations occurring after the transaction has been fixed;
  • Investment decisions made by the customer;
  • Any loss of profit, expected returns, or investment opportunities.

2. Force Majeure

The Company shall not be liable for any failure or delay in the performance of its obligations resulting from:

  • Force majeure events;
  • Actions or decisions of governmental authorities;
  • Failures, disruptions, or interruptions within the financial infrastructure;
  • War, military actions, armed conflicts, or other extraordinary circumstances beyond the Company’s reasonable control.

3. Disclaimer of Guarantees

Investment gold does not constitute a guarantee of profitability or future returns.

The Company does not guarantee any increase in the value or market price of an asset.