About Us

LPMCL is a not-for-profit business that maintains an efficient Loco London bullion clearing service to facilitate international trading on the over-the-counter precious metals market centered in London. It ensures only London Good Delivery (LGD) accredited, and quality bars are accepted in the London market for the purposes of transactions permitted under the provisions of the LPMCL Unallocated and Allocated Accounts. LPMCL also ensure all activities are conducted in observance of prevailing regulatory rules and legislation and within the Global Precious Metals Code of Conduct.

Read our Full Terms of Reference

Read the Disclosable Schedule from the LPMCL Rules

Read our Membership Application Process

Read LPMCL’s latest SOC 2 Report

Legal Agreements

The LPMCL has drafted both Unallocated and Allocated Precious Metal Account Agreements which are intended to be standard documents for the London Market with regard to the provision of unallocated and allocated precious metal accounts by Members of the LPMCL and their customers.