LME LMEX Options Contract Specification

• $10 per Index point

• Automatic exercise for in-the-money index options as at 19.15 hours on the second Wednesday of relevant maturity month, subject to the trading regulations

• 16.35 hours on the prompt date

• Cash settlement based on the difference between settlement price of the Index and the strike price, multiplied by the contract size

• The settlement business day following the prompt date

• Monthly for the front three months

• Paid on the first business day following trade

Minimum movement

• 0.01 Index points
• Minimum strike price movement 10 Index points
• Minimum strike price movement and tick size for premiums available in all clearable currencies

Law / Regulation

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.