The Tokyo Commodity Exchange (TOCOM) has been granted a licence to use the LBMA’s Good Delivery list as part of its own accreditation procedures.
NYSE Liffe US was the first exchange to be granted a licence in September 2011, followed by NYMEX/CME in February 2013.
“I am delighted to sign this licencing agreement, which shall promote enhanced cooperation between our two organisations,” Takamichi Hamada, President and CEO of TOCOM “We intend to use this opportunity to more actively develop relationships with the members of the global bullion industry to expand our gold and silver markets,” he added.
The London Good Delivery List of Acceptable Refiners of gold and silver is maintained by the LBMA, by which it is copyrighted. It lists those refineries whose gold and silver bars have been found, when originally tested, to meet the required standard for acceptability in the London bullion market. The list now includes 83 gold and 73 silver refiners.
The post TOCOM granted licence to use LBMA Good Delivery list appeared first on The Bullion Desk.
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