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LMEshield - Secure and effective commodity receipting

LMEshield is the new central electronic register for the efficient and secure creation and transfer of off-warrant warehouse receipts.

The benefits

Purpose built in consultation with market participants, LMEshield is designed to:

  • improve confidence in global off-warrant warehousing
  • increase fraud prevention controls
  • enhance efficiency of transfer of ownership
  • support and expand the market for financing of off-warrant commodities.

Metal Bulletin hosted a webinar on LMEshield and commodity financing. Click here to listen to the presentation and download the slides.

LMEshield is designed to cater to the needs of commodity market participants across the value chain.

For banks and financing institutions - LMEshield facilitates effective collateral management through tracking the underlying commodity, recording its financing status and accelerating the financing process.

Warehouses and commodity storage facilities - LMEshield provides rent recording functionality and efficient processes for creating warehouse receipts.

Physical commodity traders and owners - LMEshield reduces risks related to document fraud and provides auditable functionality for formal electronic transfers of commodities.

Experience

LMEshield is developed based on our extensive experience in metals trading, oversight of warehousing standards and the management of ownership documentation through LMEsword, the LME’s warrant management system accounting for millions of tonnes of metal around the world.

In partnering with Kynetix, the global leader for financial technology solutions in the physical markets, we are uniquely qualified to bring a more secure and efficient receipting system to the wider market.

Find out more

Download the LMEshield brochure

Download the LMEshield brochure - Chinese

Contact the LMEshield team today to find out more about this service

Kynetix’s interview with Matthew Chamberlain, Head of Business Development at LME

Become part of the LMEshield community

Complete and submit the LMEshield Non-Disclosure Agreement

Please send the completed NDA to the Client Advisory and Membership Services team.

LMEshield receipts can be issued in respect of the Eligible Commodities stored in the following Eligible Jurisdictions:

Eligible Jurisdictions
Belgium Qatar USA (California)
Brazil Saudi Arabia USA (Florida)
Chile Singapore USA (Illinois)
England and Wales South Africa USA (Indiana)
Germany South Korea USA (Kentucky)
India Spain USA (Louisiana)
Italy Sweden USA (Maryland)
Japan Taiwan USA (Michigan)
Malaysia UAE USA (Missouri)
Netherlands USA (Alabama) USA (Ohio)

Find out more

Download the LMEshield brochure

Download the LMEshield brochure - Chinese

Contact the LMEshield team today to find out more about this service

Kynetix’s interview with Matthew Chamberlain, Head of Business Development at LME

Become part of the LMEshield community

Complete and submit the LMEshield Non-Disclosure Agreement

Please send the completed NDA to the Client Advisory and Membership Services team.

LMEshield Eligible Commodities:

Eligible Commodities
Aluminium alloys Iron Ore Steel
Coal Lead Tin
Cobalt Molybdenum Zinc
Copper Nickel
Ferroalloys Primary aluminium

Find out more

Download the LMEshield brochure

Download the LMEshield brochure - Chinese

Contact the LMEshield team today to find out more about this service

Kynetix’s interview with Matthew Chamberlain, Head of Business Development at LME

Become part of the LMEshield community

Complete and submit the LMEshield Non-Disclosure Agreement

Please send the completed NDA to the Client Advisory and Membership Services team.

LMEshield approved warehouses and storage facilities:

Warehouse JurisdictionLocationFacilityStatus
Henry Bath Belgium Antwerp Kallo - Blockveld
Vollers Group GmbH Belgium Antwerp Christa
CWT Commodities (Rotterdam) BV Belgium Antwerp Berendrecht
Vollers Group GmbH Belgium Antwerp Oosterweel
Vollers Group GmbH Germany Hamburg R1
Henry Bath Malaysia Johor Warehouse JBD1
CWT Commodities (Metals) Pte Ltd Malaysia Johor CWT Johor
Henry Bath Singapore Pte Ltd Malaysia Port Klang BD2A
CWT Commodities (Rotterdam) BV Netherlands Rotterdam Eemhaven
Henry Bath Netherlands Rotterdam Antarcticaweg Warehouse F
Henry Bath Netherlands Rotterdam Dolfijnweg
Independent Commodities Logistics B.V. Netherlands Rotterdam Warehouse B
Vollers Group GmbH Netherlands Rotterdam Maris 1 & 2
Independent Commodities Logistics B.V. Netherlands Moerdijk Warehouse 1
Independent Commodities Logistics B.V. Netherlands Moerdijk Warehouse 2
Independent Commodities Logistics B.V. Netherlands Moerdijk Compound CCT West
CWT Commodities (Metals)Pte Ltd Singapore Singapore 22, Pioneer Sector 2
CWT Commodities (Metals)Pte Ltd Singapore Singapore 24, Penjuru Road
CWT Commodities (Metals)Pte Ltd Singapore Singapore 33, Pioneer Sector 1
Henry Bath Singapore Singapore JLT3 - Jurong Island
Henry Bath Singapore Singapore Sembawang Wharves Singapore
GKE Metal Logistics PTE Ltd Singapore Singapore No. 1 Jalan Besut
Henry Bath Singapore PTE LTD South Korea Busan Sebang Gamcheon Warehouse
Henry Bath Singapore PTE LTD South Korea Busan SBNL A
Metro International Trade Services (UK) Ltd South Korea Busan 6674 - Warehouse BND1
Metro International Trade Services (UK) Ltd South Korea Busan 7539 - Warehouse B
Henry Bath Singapore PTE LTD South Korea Gwangyang Gwangyang A
Metro International Trade Services (UK) Ltd South Korea Incheon 5636 - Warehouse 4
Metro International Trade Services (UK) Ltd South Korea Incheon 5751 - Warehouse 5
Metro International Trade Services (UK) Ltd South Korea Incheon 5752 - Warehouse 6
Metro International Trade Services (UK) Ltd South Korea Incheon 5753 - Warehouse 7
P Global Services NV Spain Barcelona PGSBA1
Halley Metals Iberica, S.A Spain Bilbao Warehouse 4B
Halley Metals Iberica, S.A Spain Bilbao Warehouse 32
CWT Commodities (Metals) Pte Ltd Taiwan Kaohsiung CWT Taiwan
Henry Bath UAE Dubai Airlink Warehouse, Jebel Ali FTZ
CWT Commodities (Metals) Pte Ltd UAE Dubai CWT Dubai
Henry Bath UK Liverpool South Huskisson
Henry Bath USA Baltimore 2200 Broening Hway - Warehouse A
Henry Bath USA Chicago Windy City Warehouse
Metro International Trade Services LLC USA Chicago 4824 - 345 Salmon Drive
Metro International Trade Services LLC USA Detroit 4790 - 13542 Helen Street
Metro International Trade Services LLC USA Detroit 4792 - 308 Antoine Street
Metro International Trade Services LLC USA Detroit 4793 - 308 N. Antoine Street
Metro International Trade Services LLC USA Detroit 4800 - 17423 West Jefferson
Metro International Trade Services LLC USA Detroit 5714 - 1200 E. McNichols Ave
Metro International Trade Services LLC USA Detroit 5716 - 1725 Cicotte Avenue
Metro International Trade Services LLC USA Detroit 5820 - 160 Visger Rd
Metro International Trade Services LLC USA Detroit 5831 - 2599 22nd St
Metro International Trade Services LLC USA Detroit 5898 - 8650 Mt Elliott
Metro International Trade Services LLC USA Mobile 5674 - 1505 Telegraph Road
Metro International Trade Services LLC USA Mobile 5675 - 1507 Telegraph Road
Metro International Trade Services LLC USA Mobile 5679 - 1200 Papermill Road
Metro International Trade Services LLC USA Mobile 5680 - 1510 Telegraph Road
Metro International Trade Services LLC USA Mobile 5681 - 201 Callahan Drive
Metro International Trade Services LLC USA Mobile 5745 - 200 Callahan Drive
Metro International Trade Services LLC USA Mobile 5770 - 1501 Telegraph Road
Metro International Trade Services LLC USA Mobile 5828 - 1809 Third Street
Metro International Trade Services LLC USA Mobile 5880 - 1818 S. Craft Highway
Henry Bath USA New Orleans Edwards Avenue
Henry Bath USA New Orleans McDermott Road
Henry Bath USA New Orleans Robertson Street
Metro International Trade Services LLC USA New Orleans 5049 - 500 Louisiana Avenue
Metro International Trade Services LLC USA St Louis 5509 - 3901 Union Blvd
Metro International Trade Services LLC USA Toledo 5772 - Warehouse A1, 3319 St Lawrence Drive
Metro International Trade Services LLC USA Toledo 5773 - Warehouse F, 3319 St Lawrence Drive
Metro International Trade Services LLC USA Toledo 5879 - Warehouse J, 3332 St Lawrence Drive

Please note additional Warehouse Companies are in the final on-boarding stage and will be announced shortly.

Find out more

Download the LMEshield brochure

Become part of the LMEshield community

Contact the LMEshield team today to find out more about this service

Complete and submit the LMEshield Non-Disclosure Agreement

Please send the completed NDA to client.advisory@lme.com

LMEshield- daily fee and capped transaction fee

LMEshield includes two types of fees: A daily fee and capped transaction fees

Daily fee

AH / ZN / PB / Ferroalloy All other base metals Ferrous
0.30 (3/10th) of a cent per tonne 0.60 (6/10th) of a cent per tonne 0.06 (6/100th) of a cent per tonne
Example 1: 30-day holding period for a receipt of 25 tonnes of copper will incur a fee of $4.50

Example 2: One year holding period for 1,000 tonnes of aluminium will incur a fee of $1,095

Transaction fee

Base metals incl. ferroalloy Ferrous Cap Charge points
25 cents per tonne 2.5 cents per tonne 25 USD per transaction - Transferring a receipt
- Entering into finance agreement
- Cancelling a receipt
Example 1: Transferring a receipt of 25 tonnes of copper will incur a fee of $6.25

Example 2: Financing five receipts totalling 1,000 tonnes of aluminium will incur a fee of $25

Fee exemptions

Please refer to the LMEshield User Terms and Conditions.

Find out more

Download the LMEshield brochure

Download the LMEshield brochure - Chinese

Contact the LMEshield team today to find out more about this service

Kynetix’s interview with Matthew Chamberlain, Head of Business Development at LME

Become part of the LMEshield community

Complete and submit the LMEshield Non-Disclosure Agreement

Please send the completed NDA to the Client Advisory and Membership Services team.