GENNEVA Pte Ltd -
SELL-BACK OPTION
GENNEVA offers an exclusive Sell-Back Option (the “Sell-Back Option”) on all gold bullion purchased by our customers, subjected to prevailing terms and conditions.
Under GENNEVA’s Sell-Back Option, customers are entitled to sell-back the purchased gold bullion, at the original market price (“Original Market Price”), between 30th to 36th day (the “7 Days Buy-Back Period”) after the date of purchase. GENNEVA will honor the Sell-Back Option regardless of fluctuations in gold price.
The transaction procedure is illustrated in the example below:
Day 1: Purchase 100 grams of gold bullion at Market Price ($50/gram) with 2% discount*
Day 31-37: Customer exercises Sell-Back Option during the 7 Days Buy-Back Period
*Remarks : The 2% discounts in the above example is for illustration purpose only. Discounts on gold bullion purchases may vary at GENNEVA’s sole discretion.
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