Blanket Issuer Letter of Representations between ETFS Asian Gold Trust and The Depository Trust Company

Summary

This agreement is between ETFS Asian Gold Trust and The Depository Trust Company (DTC). It outlines the Trust's commitment to comply with DTC's rules and operational requirements so that its securities can be made eligible for deposit and book-entry transfer through DTC. The Trust agrees to follow DTC's procedures, and DTC will accept the securities for deposit, facilitating their electronic transfer and settlement. The agreement is formalized by both parties' signatures and includes a schedule describing DTC's processes.

EX-10.3 10 c61959_ex10-3.htm c61959_ex10-3.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 10.3

The Depository Trust Company
A subsidiary of the Depository Trust & Clearing Corporation

BLANKET ISSUER LETTER OF REPRESENTATIONS

ETFS ASIAN GOLD TRUST

___________________
(Date)

Attention: Underwriting Department
The Depository Trust Company
55 Water Street, 1SL
New York, NY 10041-0099

Ladies and Gentlemen:

This letter sets forth our understanding with respect to all issues (the “Securities”) that Issuer shall request to be made eligible for deposit by the Depository Trust Company (“DTC”).

Issuer is formed under the laws of the State of New York.

To induce DTC to accept the Securities as eligible for deposit at DTC, and to act in accordance with DTC’s Rules with respect to the Securities, Issuer represents to DTC that issuer will comply with the requirements stated in DTC’s Operational Arrangements, as they may be amended from time to time.

Note:		Very truly yours,
Schedule A contains statements that DTC believes
accurate describe DTC, the method of effecting
book-entry transfers of securities distributed		ETFS ASIAN GOLD TRUST,
through DTC, and certain related matters.		by ETF Securities USA LLC, as sponsor

Received and Accepted	By:
THE DEPOSITORY TRUST COMPANY		(Authorized Officer’s Signature)

By:
			(Print Name)


			(Street Address)


			(City, State, Country, Zip)


			(Phone Number)


			(Email Address)