London Fix definition
Examples of London Fix in a sentence
Returnable Metals retained or sold by JM under the terms of this Section 13.1 shall be valued or sold at the Second London Fix for the applicable metal on the date of retention or sale.
Buyer shall calculate any difference between the actual precious metal content in the finished good inventory plus precious metal scrap amounts resulting therefrom (valued at the second London Fix) less the precious metal content reflected in the open shop orders (valued at the second London Fix).
The average monthly price for silver shall be calculated by dividing the sum of all of the daily London Fix spot prices (expressed in United States dollars) for silver reported for the month by ▇▇▇▇▇’▇ Metals Week, by the number of days during that month for which such prices were reported.
Market loss or gain is calculated as the difference between your original purchase price, and the bullion London Fix closing price on the 11th business day after your order date.
The average monthly price for silver shall be calculated by dividing the sum of all of the daily London Fix spot prices (expressed in United States dollars) for silver reported for the month by P▇▇▇▇’▇ Metals Week, by the number of days during that month for which such prices were reported.
For the purposes of this section, the second London Fix means the London Fix price set in the afternoon, London, U.K. time, for the relevant precious metal as stated in United States dollars and found on the Internet site ▇▇▇.▇▇▇▇▇.▇▇▇ under the headings "Historical London Fixings" "PM" for the day preceding the Closing Date.
If the applicable London Fix is closed or otherwise unavailable, purchase orders will be priced based on the prevailing price, as quoted on New York Mercantile Exchange (NYMEX) If NYMEX and the applicable London Fix are both closed and/or unavailable, the purchase order will be held until the next business day and priced based on 2nd London Fix for Gold, Platinum, and Palladium for that day.