Examples of LBMA Good Delivery List in a sentence
The Fund will only hold Bullion (i.e. gold in the form of bars or ingots from approved refiners which are included in the LBMA Good Delivery List of Acceptable Refiners: Gold) of minimum fineness of 99.5% gold.
This Guidance follows the five steps framework for risk-based due diligence of the OECD Guidance adopted on 15 December 2010 and follows the requirements detailed in the OECD Gold Supplement adopted on 17 July 2012.All Refiners producing LBMA good delivery gold bars (“Refiners”) must comply with this LBMA Responsible Gold Guidance in order to remain on the LBMA Good Delivery List.
All refiners producing LBMA “good delivery” gold must comply with this LBMA Responsible Gold Guidance in order to remain on the LBMA Good Delivery List.
LBMA certification programs, including the LBMA Good Delivery List and Responsible Gold Guidance, require refiners to carefully assess risk and avoid any linkages to money laundering, terrorist financing, and human rights abuses, in keeping with the OECD Guidance.
Such areas are often characterized by widespread human rights abuses and violation of national or international law.”traders) must comply with many relevant laws, and may also have obligations to follow practices described in industry standards and certification programs.For example, international refiners which have achieved an important industry certification such as inclusion on the LBMA Good Delivery List will protect that status by ensuring robust risk assessment and mitigation plans.
In the refining industry, the LBMA Good Delivery List is now widely recognised as representing the de facto standard for the quality of gold and silver bars, in large part thanks to the stringent criteria that an applicant must satisfy before being listed.
The Fund shall only hold gold bullion in the form of bars or ingots from approved refiners which are included in the LBMA Good Delivery List of Acceptable Refiners.
This does not constitute a physical holding of the gold in question.All Gold which is deliverable or delivered to the Fund shall be measured in fine weight of troy ounces and shall be valued in accordance with the LBMA Gold Price PM; as such the Net Asset Value of the Fund shall be valued by reference to the LBMA Gold Price PM.The Fund shall only hold gold bullion in the form of bars or ingots from approved refiners which are included in the LBMA Good Delivery List of Acceptable Refiners.
We have therefore elected not to present the Smelters’ names in this report, with the exception of the Smelters that are certified Conflict-Free using the RMAP Conformant Smelters & Refiners list, the LBMA Good Delivery List, and the RJC Chain-of-Custody Certification Program.
A refiner that complies with the London Bullion Market Association’s LBMA Responsible Gold Guidance, www.lbma.org.uk in order to remain on the LBMA Good Delivery List, should have the appropriate risk management systems referred to in the above section of the Standard.