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
Who is it for?
Example uses of data include (but are not limited to):
Use of LME 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.
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.