Introduction to Physical Trading & LME Warehousing
Introduction to Physical Trading & LME Warehousing
Description
This course explores why and how LME contracts are physically settled, covers the metal formats accepted for delivery and the warehousing network, explains practical aspects of moving metal through the LME system, and details the uses of LME warrants. Both theoretical and practical skills developed at this course can be applied easily in the workplace.
What you will learn
Become familiar with the metals which can be delivered to the LME, and the approved formats – LME brands
Understand LME responsible sourcing and sustainability declarations
Learn about the warehousing network and the standards that apply to approved warehouses
How the delivery obligations of an LME physically settled futures contract are met
Explore the relationship between LME prices, premium and all-in prices in the physical market
Understand why the LME is viewed as a market of last resort for physical
Learn how to place metal on warrant, take metal off warrant and transfer title to warrants
Amsterdam, Barcelona, Dubai, El Orman, Cairo, Egypt, Geneva, Hong Kong, Indonesia, Istanbul, London, London , Miami, Miami Beach, Florida, Milan, New York, Paris, Paris , Riyadh, Sentul City, Singapore