SCPCP Private Silver Refinery · By Invitation
A private partnership · By invitation only

Silver, refined
by appointment.

SCPCP is a closed partnership devoted to one metal and one standard. We refine silver to 999 fine and to the four-nines standard of 9999, prove every bar in our own laboratory, and trade across the precious metals complex — exclusively for clients introduced to the House.

Admission by nomination of an existing client
SCPCP
Ag
999
Ag
9999
ASSAY
The marks struck on every bar leaving the House.
What we do

One refinery. One metal.
Every market.

REFINING — Ag ONLY

Silver refining

We refine silver, and silver alone, to two standards: 999 fine, and four-nines — 9999 — for clients who require it. No mined product enters our gate; we work exclusively from documented, non-mined feedstock. Devotion to a single metal is the source of our standard.

LABORATORY

The laboratory

The laboratory is the conscience of the House. Every lot is proved on our own bench, before and after the melt, by assayers answerable to no one but the partners. Nothing enters the vault on anyone's word but ours — and every bar carries a certificate signed on our figures.

TRADING DESK

All precious metals

While our crucibles hold only silver, our desk deals the full complex — silver, gold, platinum, and palladium — on an unallocated basis. Silver and gold may be held allocated, cast as ingots from 10 grams to 1 kilogram.

We do not solicit clients and keep no public application. Becoming a client of SCPCP is by invitation only — candidates are proposed by an existing client and reviewed by the partners in the order received.

Clients' entrance
Clientele

A closed book,
kept deliberately small.

The clients of SCPCP are families, treasuries, and industrial houses with a long interest in silver. There is no minimum published, no brochure printed, and no tour given. What clients receive instead is direct access: to the melt schedule, to the laboratory, to the desk, and to the partners themselves.

Each client holds a numbered account, with positions reported by the desk. Physical delivery and collection are arranged by appointment.

ADMISSIONBy invitation only
REFINED METALSilver (Ag) · 999 & 9999
UNALLOCATEDAg · Au · Pt · Pd
ALLOCATEDAg & Au · ingots 10 g – 1 kg
FEEDSTOCKNon-mined material only
LABORATORYIn-house, partner-supervised
CORRESPONDENCEinfo@scpcp.ae
Responsibility

Provenance before profit.

Read the compliance charter
OECD GUIDANCE

Due diligence framework

We conduct our due diligence to the OECD five-step framework — the standard by which the world's refineries are measured — documented, maintained, and examined every year.

UAE MOE

Ministry of Economy

As a precious metals house in the United Arab Emirates, SCPCP operates within the Ministry of Economy's framework for the sector, including its due diligence regulations and the AML/CFT obligations that attach to dealers in precious metals.

ANNUAL AUDIT

Independent review

Once a year, an independent auditor examines our practice from feedstock to vault. Clients and counterparties may request a consultation ahead of each cycle through our compliance office.

Refinery & Laboratory

Fire, acid, and patience.

Refining is done on our own floor, by our own people, under the eye of our own laboratory. Silver is the only metal that passes through the crucibles — a deliberate choice, so that the whole of the House, its furnaces, its bench, and its people, is devoted to mastering one metal completely. And no mined product ever enters the gate.

Process

From doré to delivery bar

MARK I — INTAKE

Receipt & sampling

Feedstock is weighed, sealed, and sampled on arrival. We accept no mined product — only documented, non-mined material receives a lot number. No papers, no melt.

MARK II — ASSAY

The laboratory's word

Before anything is melted, the laboratory renders its verdict. Our assayers work to the most exacting standards of the trade, and settlement is made on our figures — a discipline we regard as the foundation of every relationship we keep.

MARK III — REFINING

Two standards of fine

Silver leaves our crucibles at 999 fine. For clients who require the four-nines standard, the metal is refined again to 9999 — a purity we hold to batch after batch, without exception. Every batch returns to the laboratory before it may be cast.

MARK IV — CASTING

Bars & grain

Refined metal is cast to clients' requirements — ingots from 10 grams to 1 kilogram, and grain, in 999 or 9999 fine — each struck with the marks of the House, its fineness, and its lot number.

MARK V — VAULT

Allocated storage

Ingots are vaulted allocated, by number, in the client's name. The vault register is reconciled nightly; collection is by appointment.

MARK VI — CERTIFICATE

Assay certificate

Every position carries a certificate stating fineness, mass, lot, and the assayer's counter-signature. The certificate follows the bar, not the invoice.

The laboratory also accepts umpire and referee work for clients in dispute with third-party refiners — quietly, and with a discretion the trade has come to rely upon.

Enquire by correspondence
SCPCP
COMPLIANCE CHARTER · REF SCPCP-CC-2026 · ISSUED UNDER AUTHORITY OF THE PARTNERS

SECTION IFeedstock Policy

The Partnership accepts no mined product for refining. Feedstock is confined to documented, non-mined silver-bearing material. Any material whose character or documentation cannot be established to the satisfaction of the compliance officer is declined and returned. This policy is deliberate: it removes the House from the risk categories that attach to mined material at origin, and it is verified at every annual audit.

SECTION IIOECD Due Diligence Guidance

The Partnership maintains its due diligence in accordance with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, applying its five-step framework across the House:

StepObligationApplication at SCPCP
1Establish strong management systemsA written supply chain policy, a designated compliance officer, and a chain-of-custody record opened for every lot at intake.
2Identify and assess riskKnow-your-counterparty files and red-flag screening for every account and every lot, maintained by the compliance office.
3Manage identified risksEnhanced monitoring or refusal. The House declines material and business before either dilutes its standard.
4Independent third-party auditAn annual audit of the House's due diligence practice, described in Section IV.
5Report annuallyA due diligence report made available to clients and, on request, to counterparties and their auditors.

No lot is melted without a complete file. The framework is examined by an independent reviewer at every annual cycle.

SECTION IIIUAE Ministry of Economy Framework

The Partnership is established in the United Arab Emirates and conducts itself within the Ministry of Economy's regulatory framework for the precious metals sector, in particular:

  • Due Diligence Regulations for Responsible Sourcing of Gold (2022) — the Ministry's mandatory due diligence framework for the sector, built on the OECD five-step model, observed by the House in its gold trading and applied by policy to its silver operations to the same standard.
  • AML/CFT legislation — the obligations arising under Federal Decree-Law No. (20) of 2018 concerning anti-money laundering and combating the financing of terrorism, as amended, and its executive regulations, applicable to dealers in precious metals and stones.
  • Ministerial Decree No. (68) of 2024 — the responsible sourcing requirements applying to refining and recycling operations and to participants in the supply chain.
  • Annual reporting — the independent third-party review of due diligence practice conducted for each twelve-month cycle, with the report submitted to the Ministry within the prescribed period following completion of the cycle.

Registrations, and the House's standing under the framework, are documented and available to clients through the compliance office.

SECTION IVAnnual Supply Chain Audit

Once in every calendar year, the Partnership engages an independent auditor to examine the House end to end — from counterparty due diligence files, through intake, laboratory, and refining records, to the vault register.

Scope of the audit

  • Conformance of the House's due diligence with the OECD five-step framework;
  • Observance of the feedstock policy — no mined product accepted;
  • Integrity of chain-of-custody records from intake to cast bar;
  • Conformance with the UAE Ministry of Economy framework;
  • Reconciliation of the vault register against clients' recorded positions.

The auditor's summary findings are made available to clients by the compliance office. Material findings, should any arise, are remediated on a plan agreed with the partners and re-examined at the following cycle.

SECTION VAudit Consultation

Ahead of each annual cycle, the compliance office holds consultations with clients and counterparties who wish to prepare documentation, understand the audit scope, or raise matters for the auditor's attention. To request a consultation, submit the particulars below or write to compliance@scpcp.ae; the compliance office replies by correspondence.

Received. The compliance office will reply by correspondence. REF:
SCPCP

Clients' Room

Numbered accounts only. Access by invitation.

The clients' room is admitting accounts in stages. Your access is issued by the desk — write to info@scpcp.ae.
Access is issued by the desk · info@scpcp.ae