"Converse Bank" CJSC continues expanding the scopes of its services: now it introduces a new product at the financial market - non-physical gold account.

Parallel with other bank accounts known to the society, the non-physical gold account is also opened at the customer's instruction. The non-physical gold account is recording of gold without the individual specifics of gold bars. When opening an account, at the customer's instruction, the bank purchases the respective quantity of gold, in the whole volume of the account. The account is replenished by AMD equivalent to the respective quantity of 999.9 carat of gold, at the price quoted on the date of purchase. Like other bank accounts, the non-physical gold account can be replenished by the customer occasionally and non-cash transfers of gold can be made. Like other bank accounts, the customer can close the non-physical gold account any time. Unlike other accounts, when closing the gold account, the customer can get back the amount equivalent to the respective quantity of gold, at the price quoted on the day of withdrawal, or order standard gold bars of the respective weight.

Please be reminded that besides non-physical gold accounts, "Voske Manuk" long-term accrual deposit type in non-physical gold has already been introduced at the bank, as well as standard gold bars are available for sale.