London Good Delivery Bars definition

London Good Delivery Bars means gold or silver bars which are defined in and meet the standards and specifications of the LBMA;
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London Good Delivery Bars means gold and silver bars that meet the standard measure of quality in gold bullion as set forth by the London Bullion Market Association.
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London Good Delivery Bars means gold bars that meet the standard measure of quality in gold bullion as set forth by the London Bullion Market Association.
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Examples of London Good Delivery Bars in a sentence

  • Gold bars meeting these requirements are known as "London Good Delivery Bars".

  • The Fund invests in and holds primarily pure, refined and unencumbered gold bullion on a long-term basis in 1,000 grams London Good Delivery Bars.

  • The Gold Bullion so acquired is in the form of London Good Delivery Bars, which Gold Bullion is retained in safe custody with the Custodian pursuant to the Custody Agreement; and • allowing the holders of Gold Bullion Debentures to either trade same in the Exchange Traded Funds sector of the JSE or GSE (following a secondary listing in 2012) or, following the proposed Secondary Listing, on the NSE.

  • The physical commodity will be stored as London Good Delivery Bars and kept in the vault of a custodian on an allocated basis.

  • Gold bars meeting these requirements are described in this report from time to time as "London Good Delivery Bars." The unit of trade in London is the troy ounce, whose conversion between grams is: 1,000 grams = 32.1507465 troy ounces and 1 troy ounce = 31.1034768 grams.

  • It is the seller’s option, as the principle of fungibility is that all London Good Delivery Bars are equal.

  • Fund FactsIssuerNewGold Issuer LimitedManagerNewGold Manager (Pty) LtdOriginatorsAbsa Bank Limited acting through the Absa Corporate and Investment Banking divisionListingJSE Limited (JSE)SectorExchange Traded FundJSE CodeGLDISINZAE000060067Gold EntitlementApproximately 1/100th one fine troy ounce of goldInvestment RationaleGLD are designed to track the spot gold price less management fees The Underlying Assets Allocated Gold All gold is kept in the form of 400 oz London Good Delivery Bars.


More Definitions of London Good Delivery Bars

London Good Delivery Bars means gold bars that meet the standard measure of quality in gold, as applicable, as set forth by the LBMA. “Mint’s Facility” means the Mint’s premises located at 000 Xxxxxx Xxxxx, Xxxxxx, Xxxxxxx, X0X 0X0. “Notice of Discrepancy” means a written notice given by the Mint to the Customer pursuant to Sub-Clause 4(i) informing the Customer of a discrepancy between: (i) the weight in xxxx ounces, count and/or bar numbers of the Precious Metals as determined by the Mint pursuant to Sub-Clause 4(g); and (ii) the information stated in the relevant Initial Notice. “Notice of Loss” means a written notice given by the Mint or the Customer informing the other party of the discovery of loss, destruction and/or damage of Precious Metals, and specifying the date upon which such loss, destruction and/or damage was discovered. “Precious Metals” means gold that belongs to the Customer or in regards to which the Customer is the duly authorized agent of the owner. “Rate Schedule” has the meaning ascribed thereto in Clause 3. Page 2 of 20 “Receipt of Deposit” means the document issued by the Mint to the Customer confirming the count, the weight in xxxx ounces and, as applicable, the bar numbers of the Precious Metals received at the Mint’s Facility in a particular delivery. “Returning Instructions” means written instructions provided by the Customer to the Mint informing the Mint of the Customer’s carrier or representative to whom the Mint is to remit Precious Metals for their return, the Business Day on which the Precious Metals are to be remitted to said carrier or representative, said carrier’s or representative’s vehicle model and registration number and any other details which may be requested by the Mint in relation thereto. “Transfer of Allocated Storage” means the transfer of allocated Precious Metals to or from another customer allocated storage account held by the Mint. “Transportation Costs” means any and all costs and expenses related to the transportation of Precious Metals to and from the Mint’s Facility, inclusive of any applicable taxes, duties, fees and assessments and the costs in obtaining insurance in relation thereto. “Withdrawal” means the physical removal of the Precious Metals or a portion thereof from the Mint’s Facility.
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Related to London Good Delivery Bars

  • Delivery Notice Has the meaning specified in the NPA.

  • Delivery Day means a day other than a Saturday, a Sunday or any other day on which national banking associations are authorized to be closed. Any party may change its address for purposes of the receipt of notices and demands by giving notice of the change in the manner provided in this provision.

  • Delivery Location means the Supplier's premises or other location where the Services are to be supplied, as set out in the Order;

  • Scheduled Delivery Date means the Date on which the Seller is required to start delivering the power at the Delivery Point as per the terms and conditions of the PPA;

  • Delivery service means the providing of electric transmission or distribution to a retail customer.

  • Delivery ex stock means immediate delivery directly from stock actually on hand.

  • Delivery sale means any sale of a vapor product to a

  • Delayed Delivery Fee shall have the meaning specified in paragraph 2H(2).

  • First Delivery Date means the first date by which the commodity for a Futures Contract can be delivered in order for the terms of the Futures Contract to be fulfilled.

  • Calling Name Delivery Service (CNDS means a service that enables a terminating End User to identify the calling Party by a displayed name before a call is answered. The calling Party’s name is retrieved from a calling name database and delivered to the End User’s premise between the first and second ring for display on compatible End User premises equipment.

  • Notice Delivery Period means the period from and including the Trade Date, to and including a day that is three (3) Business Days following the date that is 14 calendar days after the Scheduled Termination Date. Section 1.23 (Notice Delivery Period) of the Credit Derivatives Definitions shall be amended accordingly.

  • Price Source Disruption means (a) the failure of the Price Source to announce or publish the Reference Price (or the information necessary for determining the Reference Price); or (b) the temporary or permanent discontinuance or unavailability of the Price Source.

  • Delivery Services means those services provided by the

  • Initial Delivery Date has the meaning set forth in Section 1.1(d).

  • Electronic delivery device means any product containing or delivering nicotine, lobelia, or any other substance, whether natural or synthetic, intended for human consumption that can be used by a person to simulate smoking in the delivery of nicotine or any other substance through inhalation of aerosol or vapor from the product. Electronic delivery devices includes but is not limited to devices manufactured, marketed, or sold as electronic cigarettes, electronic cigars, electronic pipe, vape pens, modes, tank systems, or under any other product name or descriptor. Electronic delivery device includes any component part of a product, whether or not marketed or sold separately. Electronic delivery device excludes drugs, devices, or combination products, as those terms are defined in the Federal Food, Drug, and Cosmetic Act, that are authorized for sale by the United States Food and Drug Administration.

  • Final Delivery Date means the date the Supplier is entitled to deliver the Products form the Purchaser even if the Products have not been called off as agreed in any Sales Agreement.

  • Delivery vessel means tank trucks or trailers equipped with a storage tank and used for the transport of gasoline from sources of supply to stationary tanks of gasoline dispensing facilities.

  • Delivery Point means the point(s) of connection(s) at which energy is delivered into the Grid System i.e. the Interconnection Point.

  • House dust mite product means a product whose label, packaging, or accompanying literature states that the product is suitable for use against house dust mites, but does not indicate that the product is suitable for use against ants, cockroaches, or other household crawling arthropods.

  • Delivery Time means the time for Delivery stated in the Purchase Order.

  • Delivery Term has the meaning set forth in Section 1.1(b).

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).

  • Delay Delivery Certification As defined in Section 2.02(a) hereof.

  • Automated drug dispensing system means a mechanical or electronic system that performs

  • Share Delivery Date shall have the meaning set forth in Section 4(c)(ii).