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    Global Precious Metals Code

    The standards and best practice expected from market participants in the global over-the-counter wholesale precious metals market

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  • |
  • Market Standards

    Overview

    • Market Standards
    • About Loco London
    • Global Precious Metals Code
    • A Guide to the Loco London Precious Metals Market
    • Training and Education

    Regulation

    • Financial Regulation
    • Due Diligence Regulation
    • Environmental Regulation
    • Incident Review Process
  • Membership

    Overview

    • About Membership
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    • How to Join
    • Current Members
    • Rules for Members
    • LBMA Subscriber
    • Membership FAQs
  • Good Delivery

    Overview

    • About Good Delivery
    • Good Delivery Rules and Governance
    • Reference Materials
    • Proactive Monitoring
    • Proficiency Testing Scheme
    • Vault Operators Training
    • Gold Bar Security Feature
    • Visual Guide
    • Non-Destructive Testing Guidelines
    • Good Delivery FAQs

    Lists

    • Good Delivery Current List
    • Good Delivery Former List
    • How to apply for Good Delivery accreditation
  • Responsible Sourcing

    Overview

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    • Guidance Documents
    • Refiners Toolkit

    Resources

    • International Bullion Centre Recommendations
    • Introductory Training Module
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  • Prices & Data

    Overview

    • About LBMA Precious Metal Prices
    • LBMA Gold Price
    • LBMA Silver Price
    • LBMA Platinum and Palladium Price
    • Clearing
    • Vault Storage

    Data

    • LBMA Precious Metal Prices
    • Clearing Data
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    News and Resources

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  • Contents
    • Global Precious Metals Code
    • Foreword
    • 1. Background and Key Principles
    • 2. Ethics
    • 3. Governance, Compliance and Risk Management (GCRM)
    • 4. Information Sharing
    • 5. Business Conduct: Pre-Trade and Execution (PTE)
    • 6. Business Conduct: Post-Trade (POST)
    • Annex 1: Illustrative Examples
    • Annex 2: Glossary of Terms
    • Annex 3: Wholesale Precious Metals Spot, Forward and Deposits in Precious Metals Basic Market Definitions
    • Annex 4: Precious Metals Market Conventions
    • Annex 5: Statement of Commitment

Global Precious Metals Code

The Global Precious Metals Code published in May 2017 sets out the standards and best practice expected from market participants in the global over-the-counter (OTC) wholesale precious metals market.

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