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Delivery/settlement dates
- First prompt date is TOM which is the next business day from today
- The Cash prompt date is two business days from today followed by other daily prompts up to three months
- TOM, CASH and 3 MONTH prompt rolls on a daily basis
- Weekly prompts on every Wednesday of the month from 3 months to 6 months
- Monthly prompts on every third Wednesday from 7 months to 63 months
Quotation
Clearable currencies
- US dollar, Japanese yen, sterling, euro
Minimum Price Movement (Per Tonne)
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Outright |
Carries |
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Ring |
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$0.50 |
$0.01 |
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LME Select |
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$0.25 |
$0.01 |
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Inter-office |
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$0.01 |
$0.01 |
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English Law, with regulation by the LME and the Financial Services Authority (FSA).
This is a summary of the contract specifications. For full contract specification details, please refer to the LME Rulebook which details the complete rules and regulations of LME contracts.
LME contracts may only be offered or sold to United States foreign futures and options customers by firms registered with the Commodity Futures Trading Commission (CFTC), or firms who are permitted to solicit and accept money from foreign futures and options customers from trading on the LME pursuant to CFTC Rule 30.10.
Arbitration
In the case of unresolved disputes, arbitration is effected via the LME arbitration procedure, and/ or by other body agreed by the parties.
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