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What is meant by Unallocated and Allocated storage?

April 26, 2017allocated meant storage unallocated

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What is meant by Unallocated and Allocated storage?

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Unallocated storage refers to storage of client precious metal on an unsegmented (unsegregated) basis. In this type of storage, the client has invested in a pool of precious metal. There are no storage fees on precious metals stored on an unallocated basis. Allocated storage refers to storage of client precious metal on a segmented (segregated) basis. In this type of storage, the client’s precious metal products are stored separately in a safe deposit box. There are annual storage fees charged for allocated storage.