Standard Bank

Standard Bank's Precious Metal Exchange Traded Notes (ETN) is a cost-effective and convenient way to take long or short leveraged views on the performance of precious metals. A total return index is created from the near dated USD gold futures, USD interest rates, the USDZAR exchange rate and roll-out-rebalancing when current futures contracts are converted to more distant futures contracts. Typically near-dated precious metal future contracts are the most cost effective way to gain exposure to the underlying commodity basket. Standard Bank's Precious Metal ETN has the benefits of not incurring costs for physically owning, storing and insuring precious metals. In addition, the "inward listed securities" classification means Standard Bank's Precious Metal ETNs do not impact on individual and corporate foreign exchange allocation. However, institutional investors need to report holdings and trades as part of their foreign allowance limits.

Commodity Linker Gold ETN

Commodity-Linker Gold Exchange Traded Note (ETN) tracks the price of gold on the international futures market. The Commodity-Linker Gold ETN provides exposure and access to the global price of gold while trading in rand on the JSE listed securities.

Commodity Linker Silver ETN

Commodity-Linker Silver Exchange Traded Note (ETN) tracks the price of silver on the global futures market. The Commodity-Linker Silver ETN provides exposure and direct access to the international silver price through JSE listed securities that are traded in Rand.

Commodity Linker Platinum ETN

Commodity-Linker Platinum Exchange Traded Note (ETN) tracks the price of platinum on the global future markets. Commodity-Linker Platinum ETN provides exposure and access to the international platinum price while trading in rand on the JSE listed securities.

Commodity Linker Palladium ETN

Commodity-Linker Palladium Exchange Traded Note (ETN) tracks the international price of platinum on the futures market. Commodity-Linker Palladium ETN provides exposure and direct access to the global palladium price using the underlying commodity futures which is traded in Rand on the JSE.