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Can a 3rd party (i.e. non-accountholder) perform placement / investment into the GDA of the accountholder?

April 26, 2017accountholder GDA Investment party perform placement

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Can a 3rd party (i.e. non-accountholder) perform placement / investment into the GDA of the accountholder?

1 Answer

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10 Posted

12. A Yes. 3rd party placement is allowable. Cash and cheque payment must be deposited into the nonaccountholder’s conventional CASA first, and then debited for placement into the Gold Deposit Account.