Loco Zurich definition

Loco Zurich means in respect of an account holding Bullion, the custody, trading or clearing of such Bullion in Zurich, Switzerland;
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Examples of Loco Zurich in a sentence

  • The Bank’s obligations with respect to a Precious Metal Account is generally backed by the Bank’s ownership of Precious Metal bars and/or unallocated Precious Metal held in Loco London or Loco Zurich or other markets from time to time as determined by the Bank at its discretion.

  • We have launched Phase One of Trade Reporting for all precious metals trades in Loco London and Loco Zurich.

  • GLOBAL AUTHORITY FOR PRECIOUS METALSTransparencyDATATrade ReportingLBMA Trade Reporting data for gold and silver informs us about the size of the LBMA membership’s share of the Loco London and Loco Zurich OTC market, with weekly volumes broken down into spot, forward, swaps and loans/leases and deposit.

  • Each Paper Precious Metal and the corresponding Reference Asset to which such Paper Precious Metal relates are set out below: Type of Paper Precious MetalReference AssetDescription of Reference AssetPaper Precious Metal Type AZurich platinumIt is Loco Zurich Platinum with fineness of not less than 99.95% as specified by the London Platinum & Palladium Market.

  • Loco London: gold bullion physically held in London 4 Loco Zurich: gold bullion physically held in Zurich RESPONSIBLE SOURCING+ Since 2012, the LBMA has required Good Delivery refiners to meet the standards of their “Responsible Sourcing Gold Guidance”.

  • A transfer or sale of Precious Metals (unless otherwise requested by you and agreed by us) will be made by us by way of telegraphic transfer to an account(s) of ours elsewhere or other bank(s) or institution(s) designated by you in the form of Loco London (in the case of gold or silver) or Loco Zurich (in the case of platinum).

  • All Precious Metals that are borrowed or repaid will be in the form of Loco London or Loco Zurich (as the case may be).

  • Addenda, if any, will be issued on the Town website; therefore, all interested bidders shall check the website from now through the bid opening.

Related to Loco Zurich

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  • Western Australia the following definitions‑

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