Founded in 2004, Sequel owns and manages a global logistics network, that is robust, secure, technology-driven, and designed to specifically manage the supply chain of precious consignments.

As a leader in the secure logistics segment, Sequel is engaged in managing the supply chain of major stakeholders that includes the mines, refiners, banks, bullion traders, jewellery manufacturers, diamond merchants, jewellery retailers, metal exchange trading platforms and e-commerce companies. As an RJC (Responsible Jewellery Council) certified member, the focus is as much on compliance & transparency, as it is on effective risk management & operational efficiency. The trust earned over the last 18 years, reflects in the critical ongoing projects that are managed by Sequel for various government institutions and international & domestic banks.

Seller of gold on the spot exchange shall first deposit the gold with Sequel for conversion into Electronic Gold Receipts (EGRs). An EGR cannot be created without underlying physical gold. Sequel shall check the gold standard, weigh the gold bars and check necessary documentation. At the time of the deposit, Sequel shall furnish acknowledgement receipt to the depositor and collects appropriate documentation to ensure that the gold is traceable.

EGRs will be traded on domestic exchanges as a security instrument. Every Vault Manager registered with SEBI shall have a common interface with the depository for the creation and extinguishment of Electronic Gold Receipts. Upon acceptance of the gold from the depositor, an Electronic Gold Receipt shall get created in the name of such depositor as beneficial owner. Sequel shall ensure that the information captured at the time of creation of Electronic Gold Receipt is accurate. There will be strict procedures in place for periodic reconciliation of physical gold with the corresponding record of Electronic Gold Receipts maintained by Sequel and the depositories.

EGR may change multiple hands before the buyer opts to rematerialize it by taking physical delivery of gold from Sequel. A beneficial owner seeking to withdraw gold from the vault shall place a request with the depository. The depository, after satisfying the payment of charges due to Sequel, shall intimate its approval for withdrawal of gold to Sequel. After receiving instructions from the depository, Sequel shall hand over the gold and extinguish the Electronic Gold Receipt(s), subject to the beneficial owner producing acknowledgement of receipt and such other documents as specified by Sequel.