The London Metal Exchange (LME) introduced a financial OTC booking fee in March 2018.
Any entity using LME data in OTC transactions will need to comply with the Financial OTC Booking Fee Policy.
As per Notice 25/150, LME has decided to amend the Financial OTC Booking Fee Policy (“FOTCBF Policy”) to introduce, the concept of “LME Lookalike” as a new sub-category of “Relevant OTC Contract”.
The LME has introduced a new FOTC Booking Fee on all business transacted on LME Lookalikes as from 1 October 2025.
We have produced a quick guide (PDF) for all market participants and it explains what the fee is, who it applies to and how it works.
Those affected by the policy are required to register by completing and returning to us a Form 1 (for members) or Form 2 (for non-members).
We highly encourage you to engage with us if you have any questions after reading through the relevant documentation below.
Related documents
Notice 25/150 Financial OTC Booking Fee Policy Changes (PDF)
Financial OTC Booking Fee Policy Reporting Template (XLS)
A Quick Guide to the Financial OTC Booking Fee (PDF)
Contact us
For further information please email FOTCReporting, Members may also contact their Relationship Manager.