Lease - Forward Rates

Lease Rates -Derived from Market data

(Expressed as an annual percentage rate)

	Gold
Jun 20, 2013

	Silver
Jun 20, 2013

	Platinum
Jun 20, 2013

	Palladium
Jun 20, 2013

Change

1-month

0.0466%

+0.0233

-0.1884%

0.0000

-0.1284%

-0.0100

-0.1584%

-0.0100

2-month

0.0740%

+0.0218

-0.1910%

0.0000

-0.0910%

-0.0015

-0.1210%

-0.0100

3-month

0.0984%

+0.0178

-0.1782%

+0.0100

-0.0483%

-0.0005

-0.0783%

0.0000

6-month

0.2026%

+0.0117

-0.0907%

+0.0100

0.0593%

0.0000

0.0593%

-0.0100

1-year

0.4081%

-0.0100

0.1581%

0.0000

0.3081%

-0.0100

0.3181%

-0.0200

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

June 10, 2013
Gold	Forward Rate	Lease Rate
1 month	0.14000	0.05250
2 month	0.15333	0.07733
3 month	0.17167	0.10248
6 month	0.21000	0.20126
1 year	0.24833	0.43487

Detailed Gold and Silver Lease RatesCharts

Detailed Gold and Silver Lease Rate Charts

Updated - Thu June 20 2013 06:35:51 - New York Time