Secure environment register system and method of operation

Abstract

A method of conducting a client transaction with a portion of a total quantity of certified standard uniform characteristic (SUC) precious metal units held within a physically secure environment is provided. According to the method, a registration system is maintained containing unique precious metal identification information, physically secure location information and lot identification information of precious metal, and one of certification information or de-processing information of precious metal. The method allocates a portion of the certified SUC precious metal units in a first location within the physically secure environment to be associated with a first lot and creates a first private registry with corresponding records associated with the allocated portion of certified SUC precious metal units in the first location. The method authorizes at least one administrative privilege for the allocated SUC precious metal units of a lot for a trusted partner outside of the physically secure environment.