LMBA definition

LMBA means The London Bullion Market Association or its successor.
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Examples of LMBA in a sentence

  • The price index is defined for the final settlement of the total shipment of each lot using the average price LMBA PM fixing of day one and day two needed to refine the gold.

  • For example, if the Seller has a delivery shortfall of 1,000oz in such 12-Month period, the Discount shall be increased by: 1000 x the Discount (as calculated pursuant to clause 8.2) x average of LMBA PM Auction Price for Material for the period in which the shortfall occurred.

  • If the silver content of a Parcel is *[Redacted]*g/DMT or more, Buyer shall pay for *[Redacted]*% of the contained silver in each such Parcel (“Payable Silver”) at a price equal to the average of the daily London Spot silver spot quotations for silver quoted in Dollars, as reported by the LMBA and published in Metal Bulletin during the applicable Quotational Period, but corrected to the official quotations in the event of printing errors (the “Payable Silver Price”).

  • If the silver content of a Parcel is *[Redacted]* g/DMT or more, Buyer shall pay for *[Redacted]*% of the contained silver in each such Parcel (“Payable Silver”) at a price equal to the average of the daily London Spot fine silver spot quotations for silver quoted in Dollars, as reported by the LMBA and published in Metal Bulletin during the applicable Quotational Period, but corrected to the official quotations in the event of printing errors (the “Payable Silver Price”).

Related to LMBA

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