LPPM Membership

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.

Sponge Accreditation Rules

Platinum, Palladium, and Rhodium
Sponge Accreditation Rules
Rules For New Applicants
Proactive Monitoring
Platinum and Palladium Certified Reference Materials (CRMs)
Rhodium
Rules for Current Delivery Refiners

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.

Good Delivery

Good Delivery Lists

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.

Responsible Sourcing

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

Pt & Pd Prices and Value Dates

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.

The LPPM

The London Platinum and Palladium Market (LPPM) is a trade association that oversees and promotes the trading of platinum and palladium in London.

About the LPPM

Established in 1987 to provide a forum for the trading community involved in the precious metals markets. The LPPM primarily focuses on the over-the-counter (OTC) market for these metals.

Key functions and aspects of the LPPM include:

Market Oversight: The LPPM plays a role in facilitating and overseeing OTC trading of platinum and palladium. It establishes guidelines and standards to ensure fair and transparent trading practices within its membership.
Market Making: LPPM members, which include major banks, trading houses, and other significant entities in the precious metals industry, engage in market-making activities. This involves buying and selling platinum and palladium, providing liquidity to the market.
Standards and Good Delivery Practices: The LPPM has established Good Delivery Rules and Practices that set the standards for the quality and specifications of platinum and palladium bars that are accepted for trading on the LPPM market. This helps maintain the integrity of the market by ensuring the authenticity and quality of traded metals.
Market Information: The LPPM provides market participants with valuable information, including daily prices and market data. This information is crucial for traders, investors, and other stakeholders to make informed decisions.
Networking and Collaboration: The association serves as a platform for networking and collaboration among its members. This fosters communication and cooperation within the precious metals community.