good delivery

good delivery

Stipulation in purchase and sale contracts that the precious metals, securities or merchandise delivered must meet the general delivery conditions of the market. The most widely accepted standard for gold and silver bars from companies and official bodies is the good delivery list maintained by the London Bullion Market Association (LBMA). Bars must bear the stamp of an approved melter or assayer.

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Part of Speech: noun
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Industry/Domain: Banking
Category: Investment banking
Company: UBS
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Related terms

good delivery and settlement procedures

Financial services; General Finance

Refers to PSA Uniform Practices such as cutoff times on delivery of securities and notification, allocation, and proper endorsement.

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Banking; Investment banking

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Banking; Investment banking

Credit system mainly used in property financing and defined as the burden on the borrower's income (expressed as a percentage) that the cost of a property will incur.

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Banking; Investment banking

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Banking; Investment banking

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Reference parameter (e.g. a share index or an index portfolio) used to compare the performance of a portfolio. A benchmark that is an index is also called a reference index.

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Banking; Investment banking

Payment product which enables the client to give an order to the bank to make regular payments for the same amount and execution date.

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