India's key exports — refined petroleum, gems, and pharmaceuticals — face 10-20 day payment delays through RBI's complex FX regulations and FEMA compliance. LCORE's gold DVP eliminates the multi-hop SWIFT chain entirely: buyer deposits gold in Abu Dhabi escrow, commodity ships, delivery is confirmed, and gold releases to the exporter. Settlement completes in 2-3 business days with a minimum transaction size of $5M. No USD intermediary bank required.
Request ConsultationWhen INR payments are blocked by correspondent banking compliance, LCORE's gold DVP provides a neutral Abu Dhabi alternative. Indian oil and commodity importers can deposit physical gold into DVP escrow -- commodity delivers -- payment in INR confirms -- gold releases. 2-3 working days.
ADGM English Law governs. Lloyd's $200M insurance throughout. UAE geopolitically neutral -- not subject to US, EU, or UK sanctions regime.
Confidential. Min $5M. ADGM 28158.
India is one of the world's largest commodity traders by volume. On the export side, diamonds and gemstones processed in Surat — India cuts and polishes approximately 90% of the world's rough diamonds by number — represent the largest merchandise export by value. Petroleum products from Reliance's Jamnagar refinery — the world's largest refining complex — export to Europe, Africa, and Southeast Asia. Rice (basmati and non-basmati) makes India the world's largest rice exporter. Cotton exports from Gujarat and Telangana serve Pakistani, Bangladeshi, and Chinese textile mills. Iron ore from Odisha and Karnataka supplies East Asian steelmakers. Frozen seafood from Andhra Pradesh and Gujarat targets US, EU, and Japanese buyers. India is also a massive commodity importer: the world's third-largest crude oil importer, second-largest coal importer, and a major LNG, edible oil, and fertiliser buyer — making bilateral settlement efficiency critical across dozens of commodity corridors.
The Indian rupee (INR) is partially convertible under the current account but restricted under the capital account. Indian commodity exporters — particularly diamond traders and pharmaceutical companies — routinely wait 15-30 days for USD proceeds to arrive through correspondent banking chains. India's growing interest in rupee trade settlement — bilateral INR payment agreements with UAE, Russia, Malaysia — has created a non-USD settlement ecosystem but liquidity is limited for large transactions. Since 2022, Indian buyers of discounted Russian crude face US secondary sanctions risk assessments, complicating their USD payment flows. Indian diamond traders face specific banking friction because natural diamond certificates are required by some US banks before processing payments, adding documentary burden. LCORE's gold DVP accommodates India's USD-adjacent commodity trade, particularly for settlements with Russian, Iranian-adjacent, or African counterparties where USD SWIFT access is constrained.