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):
Firms may be exempt from the policy or subject to a fee waiver. Please see below for additional information.
How to apply:
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:
The following firms are exempt from the Usage Licence:
For more information on the waivers and exemptions, please refer to the FAQs (PDF).