What is a usage licence?
A LME usage licence is required by any firm that uses LME data or trademark(s) for either of the following uses, other than for limited internal business use:
- for valuation and/or pricing activities that do not constitute non-display use
and/or
- as a reference price in transactions
An LBMA usage licence is required by any firm that uses 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:
- for valuation and/or pricing activities
and/or
- as a reference price in transactions
Who is it for?
Example uses of data include (but are not limited to):
Use of LME and/or LBMA data as a reference in:
- financial swaps
- physical supply or sales contracts
- bi-lateral OTC contracts
Use of LME data in valuation of funds, holdings, inventories and pricing curves when this use does not constitute non-display use.
Use of LBMA data for the 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.
Firms that are accessing, processing or consuming LME data for a purpose other than in support of its display or distribution may be subject to a Non-display licence. For more information, please refer to our non-display page.
How to apply
Access the online licensing portal and begin your application.