BullionVault definitions

Available & Reserved balances

Available money

Your complete balance in any currency is made up of your available balance and your reserved balance.

Available money is any spare money in your account which has not been reserved against either (i) a purchase order posted on the BullionVault order board or (ii) a pending withdrawal. You can enter a new purchase order to spend your available balance, or a withdrawal to have it sent back to you.

Reserved money

Your reserved balance is the money which is reserved to settle your purchase orders on the order board.

When you place a purchase order your available money balance will go down as it is transferred to your reserved balance - where it stays until your order executes or is cancelled.

You can make your reserved money available again by killing gold purchase orders.

Available and Reserved Gold

You also have available and reserved balances of gold. Your available gold is any gold which is not reserved against a sell order posted on the BullionVault order board. You can enter a sell order to sell your available gold.

You can make your reserved gold balance available again by killing gold sell orders.

Overall balance

For both bullion and cash your overall account balance is unaffected by orders which have not yet executed. It is only the distribution between available and reserved balances which is affected by your unexecuted orders.