Who is the custodian of the Trust’s gold?
HSBC Bank USA, N.A., or the Custodian, serves as the custodian of the Trust’s gold. The Custodian is a national banking association organized under U.S. federal law. The Custodian is subject to supervision by the Federal Reserve BNY Mellon Asset Servicing and the Federal Deposit Insurance Corporation. The Custodian’s London custodian office is located at 8 Canada Square, London, E14 5HQ, United Kingdom. In addition to supervision and examination by the U.S. federal banking authorities, The Custodian’s London custodian operations are subject to supervision by the U.K. Financial Services Authority. The Custodian is also a market-maker, clearer and approved weigher under the rules of the London Bullion Market Association, or the LBMA. The global parent company of the Custodian is HSBC Holdings plc, a public limited company incorporated in England.
