QUALITY QUALITY POLICY QUALITY CERTIFICATES ENVIRONMENTAL POLICY MEMBERSHIPS Memberships home page quality memberships LBMA - London Bullion Market Association Representing the London market for gold and silver bullion the LBMA operates as an international trade association which has an international client base, including the majority of the gold-holding central banks, private sector investors, mining companies, producers, refiners and fabricators. The continuous work of the Association roofs a number of areas, among them refining standards, trading documentation and the development of good trading practices take place. The most important core activity of the LBMA is the maintenance of the Good Delivery List, which is a benchmark that regulates the acceptable requirements for large gold and silver bars including the accreditation of new refiners and the regular retesting of listed refiners. These standards, recognised throughout the world, ensure that accredited refiners continue to maintain the high standards necessary for listing. Istanbul Gold Refinery Inc. has been accredited for the Good Delivery List in September 2011 and since then maintains and constantly improves its quality standards . The requirements for listing involve a stringent set of criteria that include a minimum level of production and tangible net worth, with a rigorous technical assessment to review casting, refining and assaying abilities. To ensure that the high standards are maintained, Accredited Good Delivery refiners are subject to on-going testing under the LBMA's Proactive Monitoring Programme. (www.lbma.org.uk) Istanbul Gold Exchange İstanbul Altın Borsası (Istanbul Gold Exchange) established on the basis of Capital Markets Law no. 6362, brings together all the exchanges operating in the Turkish capital markets under a single roof. Its Articles of Association was prepared by the Capital Markets Board. Following its approval by the Minister in charge, it was registered on 3rd April 2013, thereby receiving a foundation and operation permit. Istanbul Exchange Market’s purpose entails; complying with the provisions of the Law and the related legislation, to ensure that capital markets instruments, foreign currencies, precious metals and gems, other contracts, documents and assets approved by the Capital Markets Board of Turkey are traded subject to free trade conditions in a facile and secure manner, in a transparent, efficient, competitive, fair and stable environment. Istanbul Exchange Market creates, establishes and develops markets, sub-markets, platforms, systems and other organized market places for the purpose of matching or facilitating the matching of the buy and sell orders for the above mentioned assets and to determine and announce the discovered prices. Istanbul Gold Refinery Inc. was the first official refinery listed on the Istanbul Gold Exchange. COMEX New York COMEX is one of the exchanges of CME Group, the world's leading and most diverse derivatives marketplace, handling 3 billion contracts worth approximately $1 quadrillion annually. The company provides a marketplace for buyers and sellers, bringing together individuals, companies and institutions that need to manage risk or want to profit by accepting risk. COMEX offers wide range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. By serving as the counterparty to every trade that happens in their markets, they protect the integrity of their markets, virtually eliminating third-party credit risk. For the global economy, this unparalleled access translates into opportunity. Istanbul Gold Refinery Inc. is the first and only Turkish precious metal refinery to gain acceptance from the COMEX group due to its quality standards.