Glossary of Terms

Seller Centre

  1. Price Setting
  2. The seller has to choose one of the options provided below to set your own pricing of the selling items.

    Fixed Price

  3. Option 1
  4. The price of a good or a service which is fixed. This type of pricing will not fluctuate as it is not based on the spot price.

    *spot price is the current market price at which an asset is bought or sold.

    Premium Over Spot

  5. Option 2 (RM)
  6. This pricing option is above normal market value and you get to set your own pricing by setting the premium according to the premium that you would like to acquire in Ringgit Malaysia (RM).

    The formula to calculate this option in order to get your price is:

    (spot price x weight x purity) + premium (RM)

    If you want to sell a brand new Pamp Suisse Cast Bar 100g Gold 999.9 and get RM100 for your profit, this is how you calculate the price if you are using this option, using the information provided right next to the product image:

    The spot price for 20 January 2018; 2:02pm is RM160/gram

    Therefore, your price =

    Your price = (RM160 (spot price) x 100g (weight) x 0.9999 purity) + RM100

    = RM15,998.40 + RM100

    =RM16,098.40

  7. Option 3 (%)
  8. This pricing option is above normal market value and you get to set your own pricing by setting the premium according to the premium that you would like to acquire in percentages (%).

    The formula to calculate this option in order to get your price is:

    (spot price x weight x purity) + percentage (%)

    If you want to sell a brand new Pamp Suisse Cast Bar 100g Gold 999.9 and get RM100 for your profit, this is how you calculate the price if you are using this option, using the information provided right next to the product image:

    The spot price for 20 January 2018; 2:02pm is RM160/gram

    Therefore, your price =

    (RM160 (spot price) x 100g (weight) x 0.9999 purity) + 10% of spot price x weight x purity

    = RM15,998.40 + 10%

    = RM15,998.40 + RM1599.84

  9. Option 4 (a combination of premium in RM and %)
  10. This pricing option is above normal market value and you get to set your own pricing by setting the premium according to the premium that you would like to acquire both in RM and percentages (%).

    The formula to calculate this option in order to get your price is:

    (spot price x weight x purity) + premium RM + premium percentage (%)

    If you want to sell a brand new Pamp Suisse Cast Bar 100g Gold 999.9 and get RM100 for your profit, this is how you calculate the price if you are using this option, using the information provided right next to the product image:

    The spot price for 20 January 2018; 2:02pm is RM160/gram

    Therefore, your price =

    (RM160 (spot price) x 100g (weight) x 0.9999 purity) + premium (RM) + (10% of spot price x weight x purity)

    = RM15,998.40 + premium (RM) + 10%

    = RM15,998.40 + RM100 + RM1599.84

    = RM17,698.24

  11. Enable or disable button
  12. You can set to enable or disable this product to appear instantly on our “Buyer Centre” page.

    *Please ensure that all the information required in the price settings are entered accurately.

  13. Your price
  14. The nett pay that you will get according to the option you have chosen in the “price settings” section.

  15. Commission (inclusive GST)
  16. The fees that Nubex has imposed on the selling item and paid by the buyer.

  17. GST on product
  18. GST charge, which is applicable to (1)the seller who owns a GST-registered business; and (2) GST applicable products.

  19. Selling price
  20. The total price (Your price + Commission + GST on product) that is visible to the buyer.

Buyer Centre

  1. Condition
  2. A+ : A brand new product which is direct from the mint. It has never been sold to any individual or entity.

    Find out more here.
  3. Seller
  4. The sellers displayed are the total available sellers for each identical product.The sellers will be sorted from the cheapest to the most expensive.

    The buyer is not permitted to choose the sellers as the system will automatically assign the buyer to the cheapest product offered, given if the quantity offered are sufficient for you. If the quantity offered by seller is not enough, the system will automatically select the second seller for you to purchase the remaining balance.

  5. Price
  6. Consist of two types of pricing, which are “retail” and “powerbuyer”

    “Retail” is the price charged to individual customers.

    “Powerbuyer” is the discounted price which will be charged for all Nubex products, provided if they buyer has registered for the Powerbuyer price.

Glossary of Terms

Seller Centre

Price Setting

The seller has to choose one of the options provided below to set your own pricing of the selling items.

Fixed Price
Option 1

The price of a good or a service which is fixed. This type of pricing will not fluctuate as it is not based on the spot price.

*spot price is the current market price at which an asset is bought or sold.

Premium Over Spot
Option 2

This pricing option is above normal market value and you get to set your own pricing by setting the premium according to the premium that you would like to acquire in Ringgit Malaysia (RM).

The formula to calculate this option in order to get your price is:

(spot price x weight x purity) + premium (RM)

If you want to sell a brand new Pamp Suisse Cast Bar 100g Gold 999.9 and get RM100 for your profit, this is how you calculate the price if you are using this option, using the information provided right next to the product image:

The spot price for 20 January 2018; 2:02pm is RM160/gram

Therefore, your price :

Your price = (RM160 (spot price) x 100g (weight) x 0.9999 purity) + RM100

= RM15,998.40 + RM100

=RM16,098.40

Option 3 (%)

This pricing option is above normal market value and you get to set your own pricing by setting the premium according to the premium that you would like to acquire in percentages (%).

The formula to calculate this option in order to get your price is:

(spot price x weight x purity) + percentage (%)

If you want to sell a brand new Pamp Suisse Cast Bar 100g Gold 999.9 and get RM100 for your profit, this is how you calculate the price if you are using this option, using the information provided right next to the product image:

The spot price for 20 January 2018; 2:02pm is RM160/gram

Therefore, your price :

(RM160 (spot price) x 100g (weight) x 0.9999 purity) + 10% of spot price x weight x purity

= RM15,998.40 + 10%

= RM15,998.40 + RM1599.84

Option 4 (a combination of premium in RM and %)

This pricing option is above normal market value and you get to set your own pricing by setting the premium according to the premium that you would like to acquire both in RM and percentages (%).

The formula to calculate this option in order to get your price is:

(spot price x weight x purity) + premium RM + premium percentage (%)

If you want to sell a brand new Pamp Suisse Cast Bar 100g Gold 999.9 and get RM100 for your profit, this is how you calculate the price if you are using this option, using the information provided right next to the product image:

The spot price for 20 January 2018; 2:02pm is RM160/gram

Therefore, your price :

(RM160 (spot price) x 100g (weight) x 0.9999 purity) + premium (RM) + (10% of spot price x weight x purity)

= RM15,998.40 + premium (RM) + 10%

= RM15,998.40 + RM100 + RM1599.84

= RM17,698.24

Enable or disable button

You can set to enable or disable this product to appear instantly on our “Buyer Centre” page.

*Please ensure that all the information required in the price settings are entered accurately.

Your price

The nett pay that you will get according to the option you have chosen in the “price settings” section.

Commission (inclusive GST)

The fees that Nubex has imposed on the selling item and paid by the buyer.

GST on product

GST charge, which is applicable to (1)the seller who owns a GST-registered business; and (2) GST applicable products.

Selling price

The total price (Your price + Commission + GST on product) that is visible to the buyer.

Buyer Centre

Condition

A+ : A brand new product which is direct from the mint. It has never been sold to any individual or entity.

Find out more here.
Seller

The sellers displayed are the total available sellers for each identical product.The sellers will be sorted from the cheapest to the most expensive.

The buyer is not permitted to choose the sellers as the system will automatically assign the buyer to the cheapest product offered, given if the quantity offered are sufficient for you. If the quantity offered by seller is not enough, the system will automatically select the second seller for you to purchase the remaining balance.

Price

Consist of two types of pricing, which are “retail” and “powerbuyer”

“Retail” is the price charged to individual customers.

“Powerbuyer” is the discounted price which will be charged for all Nubex products, provided if they buyer has registered for the Powerbuyer price.