London Bullion Market Association definition

London Bullion Market Association means the international commercial association having its seat in London covering, among others, trades with Unallocated Gold on the London gold exchange.
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London Bullion Market Association and "LBMA" mean The London Bullion Market Association and its successors which represent the institutions in the United Kingdom active in all aspects of bullion and the services related to it, including the clearing, physical and regulatory aspects. Among its members are those with "market making" status whose activities include the quoting of prices for buying and selling Gold for spot and forward delivery throughout each working day.
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London Bullion Market Association means the international gold and precious metals trade association of 1-2 Royal Exchange Buildings, Royal Exchange, London, EC3V 3LF United Kingdom;
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Examples of London Bullion Market Association in a sentence

  • Average for the period as reported by the London Bullion Market Association (US dollar Gold P.M. Fix Rate) and London Metal Exchange (LME).

  • Yorbeau also retains a 2.5% net smelter return royalty when the current gold price as established by the London Bullion Market Association is over US$425 per ounce.

  • At any given time, the amount of gold ounces drawn multiplied by the London Bullion Market Association (“LBMA”) AM gold price in US dollars, plus any accrued interest or unpaid fees, shall constitute the Loan Value.The maturity date for the Gold Loan is March 31, 2024, and can be extended by two years at the discretion of the Company (the “Term”).

  • At any given time, the amount of gold ounces drawn multiplied by the London Bullion Market Association (“LBMA”) AM gold price in US dollars, plus any accrued interest or unpaid fees, shall constitute the Loan Value.

  • Average for the period as reported by the London Bullion Market Association (US dollar Gold P.M. Fix Rate).

  • The final sales price is based on the monthly average London Metal Exchange or London Bullion Market Association prices with monthly movements between the provisional and final pricing recognized in revenue.

  • Since theU.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.* Gold represents the afternoon gold price as reported by the London Bullion Market Association.

  • The average market price represents the average London Bullion Market Association afternoon postings for the actual months of the period.

  • The Trust has only purchased and expects only to own “Good Delivery Bars” as defined by the London Bullion Market Association (“LBMA”), with each bar purchased being verified against the LBMA source.

  • The gold held by a gold exchange traded fund scheme shall be valued at the AM fixing price of London Bullion Market Association (LBMA) in US dollars per troy ounce for gold having a fineness of 995.0 parts per thousand, subject to the following: i.

Related to London Bullion Market Association

  • London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

  • LBMA means The London Bullion Market Association or its successors.