FINANCIAL OTC BOOKING FEE
As part of the LME Strategic Pathway, the LME introduced a financial intermediary booking fee for OTC contracts using relevant LME metals. Intended to be fairer, the Financial OTC Booking Fee (“FOTCBF”) puts OTC and ‘Client Contract’ trading on a similar fee construct.
Further information can be found here.
Submissions
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Form 1
All LME Member firms are required to fill in a Form 1, to declare eligibility for reporting under the FOTCBF.
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Form 2
Non-Member firms who conduct OTC activity using LME data are required to register for the Financial OTC Booking Fee using Form 2.
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