LPPM Membership

 

About

The London Platinum and Palladium Market oversees the London Good Delivery Lists, Responsible Sourcing, and Sponge Accreditation for platinum and palladium.

Joining the LPPM can offer several benefits for market participants.

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Sponge Accreditation Rules

Sponge Accreditation Lists

Sponge Accreditation

Due to requests from Good Delivery (GD) refiners the LPPM has introduced Platinum, Palladium and Rhodium Sponge Accreditation lists to run alongside the current GD bar lists. All refiners currently on the GD bar lists will be entitled to be added to the Sponge Accreditation lists if they so wish.

Refiners not currently on the GD bar lists can apply for sponge accreditation only. The process for sponge accreditation is similar to the full GD bar application process. 

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Good Delivery

Good Delivery Lists

Good Delivery

To facilitate trading among members, a list of acceptable Refiners is maintained by the London Platinum and Palladium Market (LPPM). This is known as The London/Zurich Good Delivery List.

This list of Good Delivery refiners of platinum and palladium plates and ingots has been developed and is maintained by the LPPM in order to facilitate the international distribution and acceptability of standard plates and ingots produced by those refiners.

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Responsible Sourcing

 

About

Intended to assure investors and consumers that all LPPM Good Delivery metal is conflict-free due to compliance with an audited, conflict-free process.

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Pt & Pd Prices and Value Dates

 

About

The Platinum and Palladium Fixes refer to benchmark pricing mechanisms for platinum and palladium.

These fixes are used in the precious metals markets to establish a reference price for these metals.

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The London/Zurich Good Delivery List

To facilitate trading among members, a list of acceptable Melters and Assayers is maintained by the Market. This is known as The London/Zurich Good Delivery List.

To qualify as "Good Delivery" metal must conform to the following specifications.

Platinum
Form Plate or Ingot
Weight The maximum weight permitted is 6 kilograms (192.904 troy ounces). The minimum weight permitted is 1 kilogram (32.151 troy ounces).
Purity At least 99.95% Platinum
Markings Each plate or ingot must bear:
  • The producer’s recognised mark.
  • The letters PT or PLATINUM with a stamp indicating the purity.
  • An individual number or mark.
  • Month and year of manufacture
  • The weight in grams, kilograms or troy ounces (if in grams to one decimal place, if in kilograms to four decimal places and if in troy ounces to three decimal places).
Appearance Smooth, free from cavities and easy to handle.
Palladium
Form Plate or Ingot
Weight The maximum weight permitted is 6 kilograms (192.904 troy ounces). The minimum weight permitted is 1 kilogram (32.151 troy ounces).
Purity At least 99.95% Palladium
Markings Each plate or ingot must bear:
  • The producer’s recognised mark.
  • The letters PD or PALLADIUM with a stamp indicating the purity.
  • An individual number or mark.
  • Month and year of manufacture
  • The weight in grams, kilograms or troy ounces (if in grams to one decimal place, if in kilograms to four decimal places, or if in troy ounces to three decimal places).
Appearance Smooth, free from cavities and easy to handle.
31.2498