About the Good Delivery List
LBMA maintains the Good Delivery Lists for large gold and silver bars and includes the names of accredited refiners, their listing date and the marking details of their bars.
Due to the stringent assaying and bar quality criteria that applicants must satisfy to attain accreditation, the Lists are universally recognised as the de facto standard for the quality of gold and silver bars.
These Lists are used by many markets and exchanges for defining, in whole or in part, the deliverable brands within their jurisdictions. A license is now mandatory for use of the Lists in this way. Recently, a number of exchanges have become licensed for this use. To obtain a license for referencing our Good Delivery Lists please contact firstname.lastname@example.org.
Current Gold and Silver Good Delivery List
The Current Lists show refiners of gold and silver whose large bars were found to meet the required standard when originally tested. Listed refiners are proactively monitored on a three-year cycle to ensure that their assaying and refining capabilities continue to meet the required standard. A refiner’s most recent PAM activity is shown on the lists. Each refiner’s financial and refined production data is also reviewed annually. In addition, it checks that they continue to meet the minimum requirements for refined production and tangible net worth on an annual basis.
It should be noted that inclusion in the Current list does not constitute or imply any representation or warranty by the LBMA as to creditworthiness or as to the services or goods supplied or quality or compliance with any specification relating thereto. No liability for direct or consequential loss, howsoever caused, whether by negligence or otherwise, whether by use of this list or reliance thereon, is accepted by the LBMA. If a bar bears more than one assay stamp, the lowest figure will be taken.
Former Gold and Silver Good Delivery List
The Former Lists include:
- Refiners who no longer produce bars at the location(s) listed;
- Refiners whose bars are no longer accepted as Good Delivery by the London Bullion market;
- Individual bars where the brand mark or dimensions have been changed (in which case the newer brand mark is added to the Current List and the previous one is moved to the Former List).
- Assayer-only companies which were previously granted Good Delivery status. Refiners are now expected to have the ability to assay as well as refine to the required standard
It is important to note that any bars produced by these refiners prior to their transfer to the Former List on the date given continue to be acceptable as London Good Delivery. The LBMA reserves the right to de-list bars after an appropriate period of time in cases where production has ceased.
Changes to the List
When a current refiner makes a change to its bar dimensions or markings, the existing list entry is superseded by the newer version, and the older version is transferred to the Former List. There are separate entries for each individual bar transferred to the Former List and also for the refinery itself when its bars are no longer considered acceptable in the London Bullion market.