GDL AND RESPONSIBLE SOURCING - LBMA 2016/S3_Harby.pdf · GDL ENFORCEMENT. Good Delivery List Review...
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GDL AND RESPONSIBLE SOURCING Neil Harby Head of Good Delivery, LBMA Enforcement & Continuous Improvement
Transcript of GDL AND RESPONSIBLE SOURCING - LBMA 2016/S3_Harby.pdf · GDL ENFORCEMENT. Good Delivery List Review...
GDL AND RESPONSIBLE SOURCING
Neil Harby
Head of Good Delivery, LBMA
Enforcement & Continuous Improvement
GOOD DELIVERY LISTSThe Physical Side of the Market
Gold Refiners
19
Silver Refiners
28
Gold & Silver
52Countries
31
GDL ENFORCEMENTGood Delivery List Review Methodology
►Tangible Net Worth > £15,000,000►Minimum throughput (3year moving average)
►Gold – 10t►Silver – 50t
►Adherence to Responsible Gold Guidance►Annual Reporting►Proactive Monitoring
►Bar Production
“The LBMA believes that the long-term viability of a refinery as well as its ability to meet the required standards is critical to the integrity of the Good Delivery List.”