London Bullion Market Association Good Delivery standard
E914646
The London Bullion Market Association Good Delivery standard is a globally recognized specification that defines the required quality, weight, and physical characteristics for gold and silver bars accepted for settlement in the professional bullion market.
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
bullion bar standard
ⓘ
commodity market standard ⓘ gold bar specification ⓘ silver bar specification ⓘ |
| administeredBy | London Bullion Market Association Executive Committee NERFINISHED ⓘ |
| appliesTo |
gold bars
ⓘ
silver bars ⓘ |
| associatedList | LBMA Good Delivery List GENERATED ⓘ |
| complianceRequires |
participation in LBMA proficiency testing
ⓘ
provision of assay samples to LBMA ⓘ regular monitoring of accredited refiners ⓘ |
| definedBy | London Bullion Market Association NERFINISHED ⓘ |
| defines |
acceptable weight range for gold bars
ⓘ
acceptable weight range for silver bars ⓘ appearance requirements for Good Delivery bars ⓘ assay requirements for Good Delivery bars ⓘ dimensions of Good Delivery bars ⓘ markings required on Good Delivery bars ⓘ packaging and handling requirements for Good Delivery bars ⓘ permitted manufacturing methods for Good Delivery bars ⓘ required fineness of gold bars ⓘ required fineness of silver bars ⓘ |
| ensures |
interchangeability of bullion bars between market participants
ⓘ
minimum quality for bars accepted in settlement ⓘ |
| geographicFocus | London bullion market NERFINISHED ⓘ |
| includes |
criteria for refiner compliance and responsible sourcing
ⓘ
criteria for refiner financial standing ⓘ criteria for refiner production capacity ⓘ criteria for refiner technical competence ⓘ |
| influences | other international bullion bar standards ⓘ |
| marketRole |
reference standard for central bank gold holdings
ⓘ
reference standard for large institutional bullion holdings ⓘ |
| monitoredBy | LBMA Good Delivery Committee NERFINISHED ⓘ |
| objective |
facilitate efficient settlement of bullion trades
ⓘ
promote integrity of the bullion market ⓘ reduce counterparty and quality risk in bullion transactions ⓘ standardize physical characteristics of bullion bars ⓘ |
| recognizedAs | global benchmark for bullion bar quality ⓘ |
| relatedTo |
LBMA Responsible Gold Guidance
NERFINISHED
ⓘ
LBMA Responsible Silver Guidance NERFINISHED ⓘ |
| requires | refiners to be accredited to the LBMA Good Delivery List ⓘ |
| scope |
professional bullion market
ⓘ
wholesale over-the-counter bullion market ⓘ |
| usedFor |
delivery against bullion contracts in the professional market
ⓘ
settlement of loco London bullion transactions ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.