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Claim the VAT that's rightfully yours in four simple steps:
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Introduction to the London Metal Exchange (LME) and Hedging
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Course Format
This in-person course is delivered in three days in both London and Singapore. The London course often includes a visit to watch the open outcry ring trading at the LME (subject to availability) and is popular with those seeking to network with peers.
Learning about the London Metal Exchange (LME)
A series of course modules are available to enhance knowledge about the LME, the products available and its main functions within the metals market. The modules have been designed as stand-alone courses which can be taken separately or combined to deliver the subject matter content and depth of understanding as preferred by individual participants.
This course, Introduction to the London Metal Exchange and Hedging, is a combination of two modules:- Introduction to the London Metal Exchange (LME): this course is the definitive primer on the LME and is recommended particularly to market newcomers and as a pre-cursor to attending this course.
- Hedging with LME Instruments: this course explains how to use the futures and options products offered by the exchange to manage price risk.
The remaining module in this series is:- Physical Trading & Warehousing: this course explores how and why LME contracts are physically settled, covers the warehousing network and using LME warrants.
Attend this course for a solid introduction to the LME and using LME instruments to manage price risk.
This course offers you a solid introduction to the services provided by the London Metal Exchange and demonstrates how these services can improve your organisation’s approach to price risk management. It provides a practical overview of operations, structure, products, trading terminology and procedures. Both theoretical and practical skills developed at this course can be applied easily in the workplace.
What will you learn?- Become familiar with the LME’s prompt date structure and trading procedures
- Gain a full understanding of the LME’s market terminology
- Understand the benefits of the delivery process used by the LME
- Gain an understanding of the benefits of clearing and the role of LME Clear
- Learn how to access the LME through member firms and the role of a broker
- Understand what futures and options are
- What it means for a contract to be physically settled or cash-settled, and how to use each type
- How to identify the risk position of a company
- How to reduce risk using futures and options
- Differentiate between types of hedges and choose the right hedging instrument
- What carries are, and what borrowing and lending mean
- Basics of option pricing
Benefits for your organisation
Your organisation will benefit from having employees with a clear understanding of how the LME operates and how LME instruments can be used to minimise the impact of price volatility. Several worked examples give employees the knowledge of how to apply hedging theory within the context of their own organisation.
Who should attend?
This course is suitable for you if you have little or no knowledge of the London Metal Exchange’s operations and want to learn how these services can add value to your business. It is also useful for those who have been working in metals markets for some time and are looking to fill in knowledge gaps and gain a broader perspective on the market.
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Course Highlights
- History, background and role of the LME
- LME futures, monthly averages and option contracts
- LME prices and prompt dates
- Trading at the LME
- The role of an LME broker/dealer
- Warehousing and fundamentals of delivery
- Clearing and LME Clear
- Regulation of the LME
- Introduction to risk positions and price volatility
- LME physically settled futures
- LME cash-settled futures
- Dealing with averages
- LME monthly average futures
- Carries, borrowing and lending
- Options terminology
- Physically settled traded options
- Cash-settled traded average price options
- Pricing options
- Combining futures and options
- Trading strategies
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Our Tailored Learning Offering
Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course and dramatically increase your ROI.
If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.
We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.
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We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.
We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:
- Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
- Track record – 10/10 of the world’s largest banks have chosen us as there training provider and we have delivered training across the largest banks and have trained over 25,000 professionals.
- Knowledge – our 100+ strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
- Reliability – if we promise it, we deliver it. We have delivered over 25,000 events both in person and online, using simultaneous translation to delegates from over 99 countries.
- Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 4.2/5 on service and 4.7/5 on Coursecheck
Instructor
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Emma Jenkins
My banking career started with modelling, pricing and structuring interest rate, FX and commodity derivatives. Now, I divide my time between consulting to commodity companies and delivering training courses in this area.Biography
Emma has many years’ experience covering commodity markets, derivative pricing and structuring, and loan origination.After graduating from Trinity College, Dublin, with a BSc Hons, a gold medal and Foundation Scholarship in Mathematics, she commenced her banking career in the Goldman Sachs graduate program. After this, she joined Westpac Banking Corporation, designing and implementing derivative pricing models for the interest rate and FX trading desks. She moved into the commodity arena when she joined Credit Suisse to market precious metals derivatives. She later joined Macquarie Bank as a specialist commodity director, where she provided a complete banking service to clients in the base and precious metals, and oil and gas sectors. She spent several years as a partner in consulting business, advising clients on commodity price risk management and providing expert witness services. Emma has worked with a diverse range of clients, from central banks and regulators, large miners, traders and manufacturers, wealth managers, through to small import/export businesses. Her insights into the issues facing the many market participants coupled with her passion for advancing understanding has established her as a respected trainer in commodity markets.
