This website uses cookies. Please refer to our cookies policy for further information. By continuing to use this website, you are consenting to the use of these cookies.

Close

Skip navigation

Fees

LME fees are set annually by the Exchange and agreed by its Board. All fees are standard across membership category or service and apply only to LME members and users of LME systems. Fees charged by LME members to clients are subject to normal commercial negotiation. These fees are effective from 1 January 2017

Transaction Fees

Futures, Carries, Traded options and TAPOs
(Per leg per side per  lot)
Fees (USD)

Contract type

CategoryTrading

Clearing 1

 Total
Exchange

Ring/Kerb/Basis

0.25 0.25 0.50
Non-Ring 0.65 0.25 0.90
Short-dated carries2 0.25 0.25 0.50
Give-up 0.25 0.25 0.50
Client Short-dated carries2 0.25 0.25 0.50
All other 3 0.65 0.25 0.90
Option exercise/assignment

-

0.35 0.35
Cash settlement fee

-

0.08 0.08
Delivery fee

-

0.35 0.35

 Position transfer fees will be capped at USD 10,000 per transaction (inclusive of exchange and client contracts).

 LMEminis (per leg per side per  lot)Fees (USD) 

Contract type

Trading

Clearing1

Total
 All3  - 0.25 0.25
Cash settlement fee - - -

Trading fees are invoiced on a monthly basis.

1 Clearing fees are indicative only. For a complete list of all the latest LME Clear fees and charges, please refer to the LME Clear pages of the website .

2 Short-dated carries are where all carry dates are between the TOM date (next LME business day) and 15 calendar days forward from the TOM date inclusive.

3Certain position transfers as detailed in Notice 16/290 : A/284, issued on 23 August 2016, and certain other administrative transactions may be eligible for a fee cap or discount. For further information, please contact Client Advisory and Membership Services.

LME Steel Scrap and LME Steel Rebar fees

Contract type
(Per leg per side per lot)
CategoryTrading (USD)Clearing1 (USD)Total (USD)
Exchange
Non-Ring 0.07 0.03 0.10
Give-up 0.03 0.03 0.06
All 3
Client 0.07 0.03 0.10
Cash settlement fee - 0.02 0.02

Subscriptions and facilitation fees

The following annual membership fees apply:

Membership categoryFees (USD)
Category 1 95,000
Category 2 90,000
Category 3 30,000
Category 4 30,000 / 75,000 4
Category 5 4,000
Category 6 500
Category 7

-

4 Category 4 members operating a proprietary trading model will incur annual subscription fees of $30,000 per annum; Category 4 members who execute / issue LME Registered Client Contracts for customers will incur annual subscription fees of $75,000 per annum.

Companies considering obtaining LME membership should review the membership requirements and process for becoming a member.

 One-off fees Fees (USD)
LME application fee5  4,000

5 A processing fee will be applied to membership applications and will be offset against the first year’s annual subscription fee.    

Listed warehouse and LME warranted metal charges Fees

Annual warehouse listing fee (per warehouse company, per good delivery point)

5,000 (USD)
Additional warehouse(s) 4,000 (USD)
Stock levy (of the daily rent collectable on LME warrants)6 1.1%  

6 The calculation will be the total reported tonnage (cancelled plus live warrants) on each day, multiplied by the published rent rate for each warehouse, multiplied by 1.10 per cent. Stock levies on cancelled warrants subject to Queue-Based Rent Capping (QBRC) will be adjusted according to QBRC rules (including anti-abuse measures): metal eligible for a 50% rent discount will be liable for only 50% of the stock levy. The stock levy will not apply to metal eligible for rent-free storage under QBRC. Stock levies will continue to be invoiced on a half-yearly basis: the stock levy for 1 January 2017 to 30 June 2017 will be invoiced in early July 2017 and the stock levy for 1 July 2017 to 31 December 2017 will be invoiced in early 2018.    

The settlement of LME contracts is facilitated through the exchange of warrants using LMEsword. The following fees and charges apply to transactions on LMEsword by member firms.

LMEsword depository charges (per warrant)

Fees (USD)

Lodgement of LMEsword warrants

-

Withdrawal of LMEsword warrants

3.00

Safekeeping LMEsword warrants in depository (per calendar day)

0.01

Ex-cleared transfers 7

3.00

LMEsword fees are invoiced monthly.

7Ex-cleared transfers relating to warrants pledged and withdrawn to/from LME Clear as collateral will be capped at $3,000 per year per member account commencing 1 January 2017. This cap will apply for 2017 and will be reviewed on an annual basis thereafter.

LMEsword fees for non-member account holdersFees (USD)

Annual Fees

 

5,000
Administration fees Non-member account holder 8,200
Non-member remote participant account holder  4,100
LME brand initial listing charge   Fees (USD)
All brands of metal, except steel billet 65,000
Steel billet

-

Applications are subject to the relevant guidance notes. Fees are not refundable for unsuccessful or lapsed applications

LSA charge Fees (USD)
Per listed assayer 2,500

Members wishing to distribute market prices to clients via the LMEselect

 Distribution of market prices to clients via LMEselect's APIFees (USD) 
 Per client per month9  25
     up to a maximum of  7,500

9Effective from 1 January 2017, upon receiving approval from the LME, members may permit clients to use the LME data received from the LMEselect API in simulated trading environments without incurring market data fees (US$25 per user / per month) provided certain conditions, including reporting obligations, are met. Members wishing to offer this service should contact MemberSelect.APIDataReports@Ime.com for pre-approval (per client or sub-client) and an updated reporting template. For further information, please refer to the LMEselect API Side Letter between each member and the LME.

Prices are all exclusive of any applicable VAT.

LME Clear will pass through all third party transaction fees to members at cost.

A complete listing of fees and levies is available. Fees and levies may be subject to VAT and other applicable taxes. For more information please contact us to discuss your enquiry.