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