ANNEX 1 (cont.)
Contractual Terms
During the past ten years have you concluded any contract with a mint or a coin promotional company (e.g. Royal Mint, Royal Canadian Mint, Franklin, Paramount, Italcambio) to issue numismatic coins?
2.
3.
4.
If so, please provide a copy.
Who are the parties to the contract?.
What is the total duration of the contract? How long has
it been in force?
15.
Is the promotional company given exclusive rights to promote, market, distribute and sell the coins?
6.
intervals?
7.
issues?
8.
9.
Is the Government committed to issuing coins at regular
If not, what contractual arrangements are made for individual
At which mint are the coins manufactured?
On what basis is the royalty payment made? (E.g. is it a fixed, percentage of the face value or of the sale price of the coins?)
Is the Government guaranteed a minimum royalty payment?
10.
11.
programme?
Are the royalty payments net of all costs associated with the
For instance, is the Government required to meet any of the costs of design, minting, delivery, bullion, insurance, marketing etc?.
How and when are royalty payments made?
12.
12A.
What were your Government's annual receipts from sales of
numismatic coins since the first issues were made?
13.
currency?
14.
lie?
15.
Are the coins required by the contract to be legal tender
If not, are they issued nevertheless as legal tender currency? If they are legal tender, where does liability for redemption
Is there any provision in the contract for the repurchase by the promotional company of any coins handed in for redemption?
What are the specifications (type, fineness, weight etc.) of the coins in the current programme? What is the agreed process (if any) by which these specifications may be amended?
16.
17.
If you have not contracted with any promotional company, have you held discussions with any such company? Why did you not proceed with the project?
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Private notes are available after approval.