What do metal samples, banknotes and coloured marbles have in common?  They were all used in the London Metal Exchange / Euromoney Learning courses during LME Week. These simple props reinforce basic concepts such as cash- and physical-settlement of contracts and Sellers’ Option in respect of delivery of LME warrants.  Plus they inject a little fun when the trainer literally loses her marbles.

The next courses covering the workings of the exchange and using LME futures and options are scheduled for 4-8 December (5 virtual sessions, 13:30-17:00 GMT) and 6-8 February 2024 (3 days in-person in London).  The next session on LME warehousing and physical trading takes place in London on 25 April 2024.

Registration links for all LME courses can be found on the Upcoming Courses page.

It has been a busy week in the world of London Metal Exchange (“LME”) education. There was a private bespoke course in Scandinavia at the start of the week, followed by a virtual public course yesterday.  “Fantastic” was the word of the week from both sets of attendees.

So if you have a group that would benefit from a tailored session (in-person or virtual), or if you prefer to learn among a diverse industry group, take a look at the course calendar or contact LME Education directly.

The next in-person courses are scheduled for 10-13 October which coincides with LME Week. This is the most popular session of the year, so early booking is highly recommended.  Virtual sessions are scheduled for 24-27 October for those who cannot travel or who miss out on a place during LME Week.

Registration links for all LME courses can be found on the Upcoming Courses page.

It is when we are tested that we prove our worth.  So it was with last week’s London Metal Exchange / Euromoney Learning courses.  The courses had to be rescheduled on short notice.  Huge thanks go to those behind the scenes at Euromoney and the LME for sorting out logistics, and to the attendees for their patience and understanding.  Nobody missed flights, nobody missed out on courses they had booked and nobody missed their visit to the ring.  The last day incorporated virtual attendees for the first LME hybrid course.  There was a definite sense of achievement mingled with relief at the end of the week.

 

Last month’s London Bullion Market Association (“LBMA”) training course on Responsible Sourcing proved popular.  The refineries were well represented, plus the group included several other sectors of the supply chain.  The virtual format encourages discussions alongside the formal course content, and there were many helpful insights shared during the workshop sessions.

For those that missed out, the next responsible sourcing course is scheduled for 1st November.  You can find registration links for all public courses on Upcoming Courses, or get in touch to arrange a private session.

It seemed as if coming from a city or country beginning with S was a prerequisite for joining last week’s London Metal Exchange  (“LME”) virtual session on cash-settled futures, with Singapore, São Paulo and South Africa all represented.  While we are all enjoying the return to in-person learning, the virtual delivery of this 3-hour session was ideal for such a geographically diverse group of attendees.

The cash-settled futures course covers the contracts which use assessments published by price reporting agencies to determine the value of the contract at settlement.  The contract range includes steel scrap, rebar and hot-rolled coil, as well as lithium hydroxide, alumina and aluminium used beverage can scrap.

The next public run is scheduled for 14^th September, or you can arrange a private course at a time and date of your choosing by contacting education@lme.com.

Registration links for all LME courses can be found on the Upcoming Courses page.

 

A seemingly simple question, but it took a bit of explaining during this week’s virtual London Bullion Market Association (“LBMA”) training course.

Do you know what a swap is?

Have you heard of a forward swap?

What is the difference between borrowing and lending on the swap?

And where do lease rate swaps fit in?

If you would like to learn more, join us for the next “introduction to loco London” course.  Full details are available on the LBMA website.

 

Last week’s London Metal Exchange / Euromoney Learning courses were at the Voco Hotel (formerly the Hilton Hotel) in Singapore,  The small group bonded quickly and there were many substantive discussions alongside the core materials of the course.

There was also time to sample the (now renamed) hotel’s famous cheesecake.  It was demolished before the final group photograph, proving that its reputation is justified.

The courses will be delivered virtually in half-day sessions over 5-9 June with the next classroom courses taking place in London on 11-14 July.  Registration links can be found on the Upcoming Courses page.

It’s not often a training course has its own catchphrase, but that was exactly what happened during last week’s London Metal Exchange / Euromoney Learning courses.  It started when a broker offered a discount on all broking fees to course attendees provided they entered the discount code EUROMONEY10 when opening an account.  The code became a running joke, and the discount was demanded on everything from warehouse rents, to smelting charges and physical premiums.  Courses run best when there is fun in the room alongside the formal learning.

The next classroom courses are scheduled for 16-17 May in Singapore and 11-14 July in London.  The courses will also be delivered virtually in half-day sessions over 5-9 June.  Registration links can be found on the Upcoming Courses page.

This week’s London Bullion Market Association (“LBMA”) training courses were hosted at the LBMA’s offices, which meant networking and learning could be combined.  Attendees had fun passing a fake gold bar and bank notes back and forth across the boardroom table to demonstrate how metal and payments move between market participants.  The responsible sourcing afternoon took advantage of the smaller group to delve deeper during discussion sessions, teasing out practical ways of applying the guidance.

The next Loco London courses will run on 23 & 24 May, and Responsible Sourcing will return on 23 June.  All details can be found via the links on Upcoming Courses.

 

Last week’s London Metal Exchange / Euromoney Learning training courses included a visit to the Ring for first time since the outbreak of Covid. Watching the five minute sessions for the different metals brought the theory discussed in the classroom to life.  Liquidity differences between metals and the increased engagement as the time ticked down to the final bells were clearly visible.

The next classroom courses are scheduled for 18-21 April in London and a virtual session will be offered 5-9 June.  Registration links can be found on the Upcoming Courses page.