Gold bullion held in own vault or on an allocated basis, to the extent backed by gold bullion liabilities
Include:
(a) gold bullion held in the ADI's own vaults or on an allocated basis by another party to the extent that it is backed by gold bullion liabilities (gold bullion liabilities include gold borrowings, gold futures and forward sales of gold); and
(b) all claims collateralised by gold to the extent that the underlying claim being collateralised is denominated in gold.
Exclude:
(a) gold held in safe custody for other institutions; and
(b) gold held on an unallocated basis by another party, although backed by gold bullion liabilities, as this is weighted as