For payment in kind, only integral 12.5 kg ingots are assured (subject to the total holding). The NAV is based on closing prices on the New York exchange according to Bloomberg Golds Comdty HP. See also Cantonal bank List of Banks in Switzerland Gold exchange-traded fund External links Website of Zurich Cantonal Bank Zurich Cantonal Bank Austria Notes and references Cantonal banks Banks established in 1870 Banks based in Zürich