Clearing Statistics Background

About the Figures

Figures for amounts cleared are collected monthly by the LBMA from the six members offering clearing services, which form a company called London Precious Metals Clearing Limited (LPMCL).

Three measures are taken separately for each metal:

Volume:: the amount of metal transferred on average each day measured in millions of troy ounces
Value:: the value measured in USD, using the monthly average London pm fixing price for gold and the average London fixing price for silver
Number of Transfers:: the average number recorded each day

Excluded are:

Allocated and unallocated balance transfers where the sole purpose is for overnight credit.
Physical movements arranged by clearers in locations other than London.

The six clearers are:

Barclays Bank PLC
The Bank of Nova Scotia-ScotiaMocatta
Deutsche Bank AG - London Branch
HSBC Bank USA National Association - London Branch
JPMorgan Chase Bank
UBS AG

List of Custodians

The LPMCL recognises the following institutions as providing vaulting facilities for the storage of precious metals in London:

*The Bank of Nova Scotia-ScotiaMocatta
*Barclays Bank PLC
*Deutsche Bank AG - London branch
*HSBC Bank USA National Association - London branch
*JPMorgan Chase Bank
*UBS AG
Bank of England
Brink’s Ltd
Johnson Matthey PLC - Royston
VIA MAT International Ltd

*LPMCL Member
This list is reproduced with the permission of the LPMCL.

Clearing Statistics Background

About the Figures

List of Custodians

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