Good Delivery

LBMA sets the stringent criteria that enable the global trade in gold and silver bars. The de facto standard that is trusted across the world.

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    Neil Harby:
    Good Delivery is a system that enables the global trade of gold and silver bars.

    We set and maintain the standards that control the quality in the market.

    It’s the de facto standard, trusted around the world.

    Good Delivery Lists are lists of gold and silver refiners who are accredited by the LBMA to supply gold and silver bars into the London market.

    Refineries must produce bars which satisfy high standards in terms of purity, quality and physical appearance. They must produce at least 10 tonnes of refined gold or 50 tonnes of refined silver. And they must have a tangible net worth of at least 15 million pounds.

    The LBMA believes that the long-term viability of a refiner is just as important as the Rules.

    The lists are regularly monitored to ensure that the stringent standards are maintained.

    If a refiner fails to meet the standards, they will be removed from the Lists, which will have serious implications both reputationally and financially.

The world’s trade in bullion is based in London with a global membership and client base. The first gold rush of 1697 brought gold from Brazil into London, with the subsequent setting up of a purpose built vault by the Bank of England. Further gold rushes followed in California, Australia and South Africa which added to the stocks of gold in London.

Refineries were set up to process this gold and were typically located close to the Bank of England. In 1750 the Bank of England set up the London Good Delivery List for gold, which formally recognised those refineries who produced gold bars to the required standard. Today, the LBMA own and manage the Good Delivery Lists for both gold (and silver).

Good Delivery

The benchmark standards of what's an acceptable large gold or silver bar.

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Good Delivery

GD gold and silver bar specifications. GDL Application Process. Other procedures.

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Good Delivery

Lists those refiners whose gold and silver bars meet our standards.

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Guidance for refiners on implementation and compliance.

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LBMA sell Certified Reference Materials to calibrate assaying equipment.

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Three-yearly compulsory monitoring of bar quality for GD refiners.

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Testing Scheme

Voluntary annual scheme providing external quality control data for GDL refiners.

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The LBMA Visual Guide has now been launched.

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More information about the market, the LBMA and Good Delivery.

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