Exchange
This presentation is the property of its rightful owner.
Sponsored Links
1 / 17

Exchange Traded Forum Montreal - October 9 , 2013 PowerPoint PPT Presentation


  • 100 Views
  • Uploaded on
  • Presentation posted in: General

Exchange Traded Forum Montreal - October 9 , 2013. Royal Canadian Mint - Vision. "To be the Best Mint in the World ". Royal Canadian Mint – Business Lines. Canadian Circulation. Foreign Business. Winnipeg. Royal canadian mint – business lines. Numismatics . Bullion, Refinery & ETR.

Download Presentation

Exchange Traded Forum Montreal - October 9 , 2013

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Exchange traded forum montreal october 9 2013

Exchange Traded Forum Montreal- October 9, 2013


Royal canadian mint vision

Royal Canadian Mint - Vision

"To be the Best Mint in the World"


Royal canadian mint business lines

Royal Canadian Mint – Business Lines

Canadian Circulation

Foreign Business

Winnipeg


Royal canadian mint business lines1

Royal canadian mint – business lines

Numismatics

Bullion, Refinery & ETR

Ottawa


Introducing the etr program

Introducing the etr program

Secure

Efficient

Convenient


Secure royal canadian mint

Secure – royal canadian mint

  • Largest commercial mint in the world

  • Over 100 years of custodial and refining experience

  • Has provided services to over 80 national governments

  • Crown corporation

    • Obligations of the Mint constitute a direct unconditional obligation of Her Majesty in right of Canada

    • Canada has a AAA credit rating


Direct beneficial ownership

Direct beneficial ownership

  • ETR structure gives investors direct interest in purest RCM bullion products without the presence of an intermediary

  • 100% of the bullion is stored at Royal Canadian Mint

Physical Bullion Funds

Bullion Futures Contract

ETR

Investor

Investor

Investor

Asset Manager

Counterparty


Efficient low total cost

Efficient – low total cost

  • For most investors, purchasing, storing and selling gold and silver is not easy and it may be expensive

  • Because of its custodial and refinery role, the Mint can deliver a cost effective ETR Program

  • All-in annual service fees to cover custody and all other costs of:

    • 0.35% MNT/MNT.U & 0.45% MNS/MNS.U

  • ETR holders receive the same security, quality and service as the Mint’s institutional clients with the benefit of liquidity through a TSX listing


Flexible redemption and options

Flexible redemption and options

  • Most investor-friendly overall redemption rights

  • Monthly redemption options for cash or newly cast purest gold and silver RCM products including:

  • 99.99%Gold & Silver Maple Leaf Coins (1 oz); gold Kilo & LGD bars

  • 99.9% Silver 100 oz & LGD bars


Canadian gold reserves enthusiastically received

Canadian Gold reserves – enthusiastically Received

  • Largest Canadian IPO in 2011

    • First gold vehicle that constitutes a direct obligation of a sovereign government

    • 30,000,000 ETRs/$600 Million

  • New Offerings

    • 7.5 million additional ETRs issued

  • Total: 36,910,798 ETRs / 399,755oz

    • Values as of Sept 30, 2013


Mnt vs net asset value cad

MNT Vs. net asset value (cad)


Canadian silver reserves tsx mns mns u

Canadian silver reserves – tsx: MNS/MNS.U

  • IPO November 2012

  • Direct investor exposure to silver, not silver producers

  • Purchase Right - 2014

  • Total: 5,010,994 ETRs / 3,091,870 oz

  • Values as of Sept 30, 2013


Mns vs net asset value cad

Mns vs. net asset value (CAD)


Exchange traded forum montreal october 9 2013

Gold Comparative Investments

Gold ETR

Closed-End Funds

Exchange Traded Funds

CashRedemption

  • As of June 6, 2012 (2) See p.17 of the Information Statement (3,4,5) As of March 31, 2012 (6) As of June 6, 2012 (7) As of March 31, 2012 (8,9,10) As of June 6, 2012


Exchange traded forum montreal october 9 2013

Silver Comparative Investments

Silver ETR

Closed-End Funds

Exchange Traded Funds

Sprott Physical Silver Trust

BlackRock Silver Bullion Trust

(Formerly Claymore)

Silver Bullion Trust

iShares Silver Trust

ETFs

Silver Trust

Market Cap

of Fund ($mm)

$100

US$1,473

$149

$109

US$11,013

US$609

Total LTM Fees

as a % of NAV

0.45%

0.77%

0.75%

0.45%

0.54%

0.49%

(Subsidized cost: 0.33%)

Current

Holdings

100% Physical

99.0% Physical

1.1% Cash

(0.1%) Other Liabilities

100.4% Physical

0.4% Cash.

(0.8%) Forw. Con.(1)

98.6% Physical

1.4% Cash

100% Physical

100% Physical

Custodian

Royal Canadian

Mint

Royal Canadian

Mint

ScotiaMocatta

CIBC

JPMorgan Chase

Bank, N.A.

HSBC Bank USA, N.A.

Physical

Redemption

Authorized

Participants Only

Authorized

Participants Only

Minimum

Redemption

~2,932 oz(2) /

5K ETRs / $100K(3)

10 LGD Bars /

~26K shares / ~US$349K(4)

n/a

n/a

48,436 oz /

50K shares / ~US$1.7mm

99,042 oz /

100K shares / ~US$3.5mm

Redemption

Price

NAV less

associated fees

NAV less

associated fees

n/a

n/a

NAV less

associated fees

NAV less

associated fees

Redemption

Form

99.9% minimum purityMaple Leaf Coins

100 oz bars

LGD Bars

LGD Bars

n/a

n/a

LGD Bars

LGD Bars

Cash

Redemption

Note: All data presented as per latest publicly available information on October 5, 2012. and Nov. 5, 2012 for MNS

(1) Includes other assets less liabilities.

(2) Based on US$/C$ exchange rate and silver price as at October 5, 2012.

(3) Based on issue price of $20.00.

(4) Assuming 1,000 oz per LGD bar.


Gold silver etr comparison

Gold/silver etr comparison


Contact us

Contact us

Steve Higgins

Senior Manager, ETR ProgramTel: 613.993.9833

Toll Free: 1.866.677.1477

Fax: 613-990-8944

Email: [email protected]

www.reserves.mint.ca

Royal Canadian Mint

320 Sussex DriveOttawa, OntarioK1A 0G8


  • Login