Coal trades between South African, Indonesian, and Colombian producers and Asian power utilities use gold settlement. LCORE's gold DVP settlement through Abu Dhabi escrow under ADGM English Common Law (Reg. 28158) provides a settlement mechanism that eliminates both counterparty risk and currency conversion friction. Gold is the universal settlement medium — accepted regardless of banking sanctions, FX controls, or correspondent bank limitations. Minimum $5M per transaction.
Request ConsultationCoal is one of the most active sectors seeking non-USD settlement. Key commodities: thermal and metallurgical coal. Challenge: Russian coal sanctions, Asian buyers, non-USD settlement. LCORE's gold DVP mechanism enables 2-3 working day settlement without USD correspondent banking.
Mechanics: buyer deposits physical gold into ADGM DVP escrow, thermal and metallurgical coal is delivered, payment confirms via agreed correspondent, gold releases. ADGM English Law governs. UAE geopolitically neutral.
Confidential. Min $5M. ADGM 28158.