Last week’s London Bullion Market Association (“LBMA”) training course did not turn into the Great British Bake Off, but one participant said that explanations on the course made understanding the loco London market and applying derivatives “as easy as following a muffin recipe”.

Being a virtual course, of course there were no muffins, or even coffee, supplied during the coffee breaks.  What was clear by the end of the course, was that participants felt ready to try out the “recipes” for loco London and derivatives back at the office.

If you would like to improve your skills, “An Introduction to Loco London” and “How to Use Loco London” are next scheduled to run on 9^th and 10^th June 2022 respectively.  Follow this link to secure your place.

Attendees on last week’s London Metal Exchange / Euromoney Learning courses took full advantage of the interactive nature of these sessions to ask all sorts of questions about the LME.  Any time there was a pause, there was always someone there with a question. At the end of the course, one of the quieter participants note how much more they had learned from the extra explanations.  If you have any questions about the LME and it’s products, why not attend a course and get the answers.

Courses are scheduled to coincide with the business day in Europe, the US, Asia and the Middle East.  Check out Upcoming Courses to find a date and time zone that works for you.

On the London Metal Exchange (“LME”) courses you never know who will be on the course with you.  This week’s “Introduction to LME Cash-settled futures” had excellent representation across geographies (Africa, Europe and the US), across metals (steel, lithium and base metals) and across industry sectors (recyclers, refiners, traders and construction).  A surprise attendee was a US based artist who uses metals in their sculptures.  Discussions around the main topics were full of helpful insights particularly from the price reporting agencies.  All too quickly, time was up and the trainer had to call time when it looked like several side deals might be concluded there and then.

And we look forward to seeing the artwork inspired by the day.

Whatever your motivation, why not set aside time in your diary to join the next session on 17th June 2022?

This week’s London Metal Exchange (“LME”) / Euromoney Learning  webinar took a look at cash-settled futures which use price reporting agencies to determine the final cash settlement amount.  It included an in-depth look at the front-month contract and explains why the front-month quote can differ from spot prices in the physical market.

If you missed it, links to all the webinars in this series are here.  To learn more about these contacts, why not join the half-day course on 9th February 2022.

Last week’s London Bullion Market Association (“LBMA”) training courses got rave reviews despite a few hiccups along the way.  A brief internet outage dumped the trainer out, and the builder next door starting to cut through concrete slabs drowning out all conversation.

The attendees were superb throughout.  While the trainer was getting reorganised, one shared their personal experiences of being part of the gold fixing, the forerunner to the current LBMA price process.  And we all laughed at the willingness of the builder to stop work early on a Friday afternoon so that we could complete our leasing workshop.

Top marks to the group on the “How to Use Loco London” course as they achieved the stretch target of completing a bonus case study by racing through the standard course materials in record time. It was a satisfying end to a great two days.

“An Introduction to Loco London” and “How to Use Loco London” are scheduled to run on 22^nd and 23^rd February 2022 respectively.  Follow this link to secure your place.

Last week the London Metal Exchange (“LME”) ran their new “Introduction to Cash-Settled Futures” course for the first time.  Places filled up quickly with an impressive geographical spread of attendees from Malaysia to New York.

The focus of this course is on the cash-settled futures contracts introduced by the LME in more recent years, where the final settlement price is determined by a Price Reporting Agency (“PRA”).  The three-hour session combines theory with several practical examples, and encourages questions and discussions of real life situations.

Don’t just take their word for it.  Why not join the next session on 9^th February 2022?

 

Our first batch of online on-demand videos about commodity derivatives are now live on the Finance Unlocked platform. Check out the excellent graphics which certainly engage and hold attention.

Last week’s London Metal Exchange (“LME”) / Euromoney Learning courses were well attended with great representation across the value chain.  The “S” theme came from the attendees being based in Sweden and South Africa, from smelters, scrap recyclers and specialist steels, and Stephanie being the willing volunteer in many of the examples.

“I’m very glad I did this training. It was well worth the money and for a virtual course, it was very well explained and very interactive.”

“There were enough examples and recaps to really understand what was going on … and lots of room to ask questions.”

“I recommend it to all those who want to start trading and hedging.”

 

This month’s London Bullion Market Association (“LBMA”) “An Introduction to loco London”  training course trialled a new format.  Instead of delivering the course in a single day, there were two sessions on consecutive London afternoons.  The idea was to make the course more accessible to those “across the pond”, but interestingly this sold-out course had more attendees from Asia than the US and Canada.  Which format suits you better – all on one day or split over two? 

This course and the follow-on module, “How to Use Loco London”, return to the single day format on 2 & 3 December respectively. Check out Upcoming Courses for links to more details.