Platform Rulebook — Document 09 · Version 1.0 — effective on publication.
1.1 Transaction commission — one per cent (1%) of the total net purchase price of a Transaction, payable by the contracted Buyer. It is invoiced by the Platform, collected through the Paymaster at Stage 5 settlement, shown in the closing statement, and charged per tranche on roll-over Transactions.
1.2 Service commission — a flat five per cent (5%) on services booked through the Platform (refinery, paymaster, logistics and security, air lift, insurance, and other supplier services). It is applied automatically, as its own line, on every Platform-generated service invoice; the provider nets ninety-five per cent (95%).
1.3 Service providers' own charges are separate: they are the providers' published live prices in their windows, agreed in the Booking Centre before any service is engaged.
1.4 The Company charges nothing for account creation, verification, listing, or Deal Room use.
2.1 All invoices and statements are generated by the Platform; no Participant computes or negotiates a platform charge in a Deal Room.
2.2 Amounts are exclusive of value added tax. Where UAE VAT applies to a Platform charge, it is added at the prevailing rate under the Company's tax registration [TRN ____________]. The treatment of the metal itself under UAE VAT law (including the rules for investment-grade precious metals) is as the SPA provides and the law requires.
2.3 A Transaction's figures are fixed by its SPA and IMFPA at Stage 2. This Standard's percentages are constants of the Platform and change only by published amendment binding new Transactions only.
1 Governing law. This document is governed by, and construed in accordance with, the laws of the United Arab Emirates as in force in the Emirate of Dubai, including the regulations of the Dubai Multi Commodities Centre (DMCC).
2 Arbitration. Any dispute arising out of or in connection with this document shall first be addressed by negotiation between the parties' senior representatives for fifteen (15) Business Days. Failing resolution, the dispute shall be finally resolved by arbitration administered by the Dubai International Arbitration Centre (DIAC) under the DIAC Arbitration Rules, by a sole arbitrator, seated in Dubai, United Arab Emirates, in the English language. The award is final and binding and may be enforced in any competent court.
3 Interim relief. Nothing in this Article prevents a party from seeking urgent interim relief from a competent court, or Assaya from giving effect to a compliance hold under the Responsible Sourcing & AML Standard.