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Qualified Jeweller

At present, a Qualified Jeweller (QJ) is being permitted to purchase Bullion Depository Receipt (BDR) on IIBX -only for import of gold, either as a client of a Bullion Trading Member or as a Limited Purpose Trading Member (LPTM). A QJ participating as client may approach a Bullion Trading Member for opening a client account for the purpose of buying BDR for importing gold. A Qualified Jeweller seeking to participate as a LPTM on IIBX shall either be a Body Corporate incorporated under the Companies Act 2013 or a Limited Liability Partnership (LLP). A Qualified Jeweller participating as LPTM shall have to associate itself with a clearing member for clearing of its purchase transactions.