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, subject to a fee waiver, or subject to the Financial OTC Booking Fee Policy for certain OTC transactions.
How to apply:
Access the Online Licensing Portal and begin your application.
LME Usage Licence Fees (effective 2019)
| Annual Licence Fees (USD) | ||
| Licensee | Standard Licence* | Premium Licence** |
| LME Member (Category 1-5) | Fee waived | Fee waived |
| LME Client | Fee waived | 5,000 |
| LPP Member Participant*** | 3,500 | 8,500 |
| Physical Participant | Fee waived | Fee waived |
| Other | 3,500 | 8,500 |
The following firms are exempt from the LME Usage Licence:
- Firms with a limited use of the data ( <$10m annual notional)
- Firms solely receiving contracts
- Firms using the data internally.
LBMA PGM Usage Licence Fees (effective 2019)
| Annual Licence Fees (USD) | ||
| Licensee | Standard Licence* | Premium Licence** |
| LME Member (Category 1-5) | 2,500 | 5,000 |
| LME Client | 2,500 | 5,000 |
| LPP Member Participant*** | Fee waived | Fee waived |
| Physical Participant | 2,500 | 5,000 |
| Other | 2,500 | 5,000 |
* Standard – includes the firm and up to five Affiliates
** Premium – includes the firm and unlimited Affiliates
***LPP Member Participant - as defined in Section 3 of the LPP Price Regulations.
For more information on the waivers and exemptions, please refer to the FAQs (PDF).
- LME Usage Terms 436.45 KB
- LBMA PGM Usage Terms 371.76 KB
- Usage Licence Frequently Asked Questions (FAQs) 277.92 KB
- Notice 16/026 : A:026 195.54 KB
- LME Audit Policy (01 January 2020) 185.98 KB
- Notice 16/388 : A381 86.88 KB
Contact us
For further information please email our Data Licensing team.