How does the transfer of a warehouse receipt work?

Negotiable warehouse receipts can be transferred to their new owner by endorsement (addressee and signature). There are no further formal requirements.
OrSuisse recommends to record the transfer in written (receipt, sale contract).

  1. The first owner is noted on the front page of the warehouse receipt.
  2. He signs the warehouse receipt on its reverse side.
  3. A transfer of the warehouse receipt will be noted in the endorsement field.

 

1. First owner

Indossament

2. Signature first owner

Indossament

3. Endorsement

Indossament

 

Checklist for the transfer:

Buyer:

  • Has the owner signed? (Reverse side, upper left)
  • Have the filled-in endorsement fields been signed (full sequence of endorsements)?
  • Has the seller signed as endorser (new endorsement field)?

Seller:

  • Have you signed the transfer as endorser (new endorsement field)?

Note:

Use the storage calculator for your sale and purchase (balance storage fee).

Endorsement reportings:

The report of an endorsement is not mandatory. However OrSuisse suggests to report an endorsement.


Frequently asked questions in this context:

What is an endorsement?
Do I have to report an endorsement?
How do I report an endorsement?
Can I sell my warehouse receipts at all times?
How does OrSuisse know the identity of the depositor?
How safe are my data at OrSuisse?
What happens if the sequence of endorsements is incomplete?
What is required for a smooth retrieval of the stored precious metals?
How likely are forgeries of warehouse receipts?