Usage Licence

What is a Usage Licence? 

A licence is required by any firm that uses LME or London Bullion Market Association Platinum and Palladium (LBMA PGM) data or trademark(s) for either of the following uses, other than for limited internal business use:
    a. for valuation and/or pricing activities; and/or
    b. as a reference price in transactions.

Who is it for? 

Example uses of data include (but are not limited to):

  • Use as a reference in:
    • financial swaps
    • physical supply or sales contracts
    • bi-lateral OTC contracts
  • Valuations of funds, holdings, inventories and pricing curves

Firms may be exempt from the policy or subject to a fee waiver. Please see below for additional information.

How to apply:

Access the Online Licensing Portal and begin your application.

 

How much does it cost?

LME Usage Licence

    a. Standard – includes the firm and up to five Affiliates: US$3,500 per year
    b. Premium – includes the firm and unlimited Affiliates: US$8,500 per year

LBMA PGM Usage Licence
    a. Standard – includes the firm and up to five Affiliates: US$1,000 per year
    b. Premium – includes the firm and unlimited Affiliates: US$2,500 per year 

Fee waivers are available for firms who are:

  • A Category 1-5 Member
  • Party to LME Client Contracts (Standard licence)
  • An LPP Member Participant
  • Using LME data solely as a reference in physical supply contracts

The following firms are exempt from the Usage Licence:

  • Firms with a limited use of the data ( <$10m annual notional)
  • Firms solely receiving contracts
  • Firms using the data internally.

For more information on the waivers and exemptions, please refer to the FAQs (PDF).

 

Contact us

For further information please email our Data Licensing team.