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GOOD DELIVERY BARS
The gold industry relies greatly on refiners whose gold bars are
accepted by associations and exchanges as “good delivery” for the
settlement of transactions.
The reason for this is that each association and exchange normally
requires the specified good delivery bars, and the refiners operating
from approved refineries, to meet a broad range of criteria.
The procedure also generates confidence in the relevant market that an
accredited refiner’s range of other gold bars and products would also
be manufactured to the same high standard.
Europe LBMA London Bullion Market Association
Americas COMEX New York Mercantile Exchange (NYMEX), COMEX Division
BM&F Brazilian Mercantile & Futures Exchange, São Paulo
Middle East DMCC Dubai Multi Commodities Centre
IGE Istanbul Gold Exchange
India MCX Multi Commodity Exchange of India Ltd, Mumbai
Far East TOCOM Tokyo Commodity Exchange
SGE Shanghai Gold Exchange
SHFE Shanghai Futures Exchange
CGSE The Chinese Gold & Silver Exchange Society, Hong Kong
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