Financial OTC Booking Fee

The London Metal Exchange (LME) has introduced a new Financial OTC Booking Fee.

The new $1.00 fee, designed to be fairer and put OTC contracts and “Client Contracts” on a similar fee construct, follows a market-wide consultation.

We have produced a quick guide 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 1 June 2018; however, we encourage you to engage with us in advance of 1 June 2018, especially if you have any questions after reading through the relevant documentation below.

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