The precious metals experts at International Depository Services Group understand the importance of industry relationships, and most importantly, accreditations and participation in groups that further the protection of industry standards. That is why all three precious metals depositories work hard to maintain the highest compliance levels in service and security.
IDS of Delaware is a COMEX/CME-approved depository for gold, silver, platinum and palladium. Any precious metals vault that wants to act as an approved vault for COMEX must undergo a stringent COMEX approval process, including full financial and procedural audits. The Commodity Futures Trading Commission (CFTC) must also be informed of these approvals. There are only eight COMEX-approved facilities in the United States.
CME Group is the world’s leading and most diverse derivatives marketplace, consisting of four exchanges, CME, CBOT, NYMEX and COMEX. Each exchange offers a wide range of global benchmarks across all major asset classes.
COMEX, a designated contract market offering products subject to COMEX rules and regulations, joined CME Group with NYMEX in 2008. The merger expanded its suite of metals products to include several global benchmarks in precious, base and ferrous metals.
INTERCONTINENTAL EXCHANGE FUTURES U.S. (ICE)
The IDS of Delaware precious metal depository is an Intercontinental Exchange Futures U.S. (ICE) approved depository for gold, silver, platinum and palladium. Any precious metals vault that wants to act as an approved vault for ICE must go through the stringent ICE approval process, and the Commodity Futures Trading Commission (CFTC) must also be informed of these approvals. There are only nine ICE-approved precious metals depositories available in the United States.
Intercontinental Exchange (ICE) was founded in 2000 to digitize the energy markets and provide greater price transparency. ICE has been transforming markets, products and processes ever since. By combining its world-class technology with its leading data services and operating expertise, it adds transparency and enables client efficiency gains that advance both of its networks and solutions for its clients.
LONDON BULLION MARKET ASSOCIATION (LBMA) ASSOCIATE MEMBER
IDS of Delaware, IDS of Texas, and IDS of Canada are Associates of the London Bullion Market Association (LBMA) and maintain compliance with the association’s strict physical and operational security. The LBMA is the international trade association representing the gold and silver bullion market. The LBMA’s membership encompasses banks, dealers, fabricators, refiners, shippers and brokers.
London Bullion Market Association (LBMA) is an independent precious metals authority. LBMA ensures the highest levels of leadership, integrity and transparency for the global precious metals industry by advancing standards and developing market solutions.
INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA (IIROC)
The Investment Industry Regulatory Organization of Canada (IIROC) approved IDS of Canada as an entity suitable to hold LBMA gold and silver delivery bars and is only one of eight precious metals depositories to do so. As a result, the precious metal depository can hold Dealer Member’s inventory and client positions in gold and silver bullion without capital penalty to the Dealer Member, provided that the other related Dealer Member rules, such as written custodial agreement and segregation, are met.
The Investment Industry Regulatory Organization of Canada (IIROC) is the pan‑Canadian self-regulatory organization that oversees all investment dealers and trading activity on Canada’s debt and equity marketplaces. IIROC is committed to protecting investors, protecting market integrity, and building Canadians’ trust in financial regulation and the people managing their investments.
NATIONAL COIN AND BULLION ASSOCIATION (ncba)
The IDS Group maintains an active membership in the National Coin and Bullion Association (NCBA) – (Formerly the Industry Council for Tangible Assets (ICTA))
The NCBA exists to promote and safeguard the interests of its members, serving as the industry watchdog to maintain an appropriate and favorable legislative and regulatory climate in the USA and all 50 states. The association provides a medium through which its members may confer, consult, cooperate with, and educate governmental and other agencies to solve problems affecting their businesses. NCBA also offers its members assistance and information on new and existing laws and regulations and promotes harmony and cooperation among its members to advance the welfare of the industry.
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