Lease - Forward Rates

Lease Rates -Derived from Market data

(Expressed as an annual percentage rate)

	Gold
May 24, 2013

	Silver
May 24, 2013

	Platinum
May 24, 2013

	Palladium
May 24, 2013

Change

1-month

0.1450%

0.0000

-0.2667%

+0.0200

-0.1767%

0.0000

-0.1067%

0.0000

2-month

0.1705%

+0.0067

-0.2495%

+0.0200

-0.1295%

0.0000

-0.0695%

0.0000

3-month

0.1961%

+0.0083

-0.2172%

-0.4846

-0.0872%

0.0000

-0.0272%

0.0000

6-month

0.2941%

+0.0067

-0.0826%

+0.0600

0.0574%

0.0000

0.1174%

0.0000

1-year

0.4992%

+0.0016

0.1659%

-0.5139

0.3159%

0.0000

0.3759%

0.0000

Lease rates displayed are an indication only of bank to bank borrowing charges. The degree to which lease rates may be displayed as negative would suggest the degree to which there is a lack of demand to borrow the metal.

The following market indications are provided courtesy of
the London Bullion Market Association

May 15, 2013
Gold	Forward Rate	Lease Rate
1 month	0.03500	0.16320
2 month	0.05667	0.17833
3 month	0.07667	0.19743
6 month	0.11833	0.30257
1 year	0.18833	0.50156

Detailed Gold and Silver Lease RatesCharts

Detailed Gold and Silver Lease Rate Charts

Updated - Fri May 24 2013 11:41:00 - New York Time