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 The LME distributes LBMA forward curve data on behalf of the London Bullion Market Association (LBMA) to bring new levels of transparency to the world's largest over-the-counter (OTC) silver market.
The Exchange provides automated data collection and compilation services to produce the curve, detailing foward interest rates that can be used to indicate today's view of the future value of silver.
The data is provided by the eight major market makers of the LBMA who have direct links to LME’s proprietary system for compiling the curve. The curve contains tenors, which refer to how long it will take for the contract to reach maturity.
These tenors are:
- 1 week forward
- 1, 2, 3, 6, 9, 12 and 18 months forward
- 2 and 3 years forward
The valuations, collected each day for the curve, reflect the close of the London market at 17.00 London time. The data is then distributed by the LME to its network of licensed data vendors.
Subscribers to this service can benefit from:
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