Silver. The physical settlement of a loco London silver trade is a bar conforming to the following specifications: The gross weight of a bar should be expressed in ▇▇▇▇ ounces in multiples of 0.10, rounded down to the nearest 0.10 of a ▇▇▇▇ ounce.
Appears in 2 contracts
Sources: Memorandum of Understanding, Memorandum of Understanding