The settlement of LME contracts is facilitated through the exchange of warrants using LMEsword. The following fees and charges apply to transactions on LMEsword by member firms.
LMEsword depository charges (per warrant)
Lodgement of LMEsword warrants
|Withdrawal of LMEsword warrants
|Safekeeping LMEsword warrants in depository (per calendar day)
|Ex-cleared transfers 7
LMEsword fees are invoiced monthly.
7Ex-cleared transfers relating to warrants pledged and withdrawn to/from LME Clear as collateral will be capped at $3,000 per year per member account commencing 1 January 2017. This cap will apply for 2017 and will be reviewed on an annual basis thereafter.