WisdomTree Physical Palladium is a UCITS Eligible Exchange-Traded Commodity (ETC) designed to offer a simple, cost-efficient and secure way to access Physical Palladium by providing a return equivalent to the movements in the Physical Palladium spot price less the applicable management fee. WisdomTree Physical Palladium is backed by physical, allocated Physical Palladium held by HSBC Bank plc (the custodian). Only metal that conforms with the London Platinum and Palladium Association's (LPPM) rules for Good Delivery can be accepted by the custodian.