Introduction to Physical Trading & LME Warehousing

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Overview

This course can be booked as a stand-alone or in conjunction with the Introduction to the LME course / Introduction to Physical Trading & LME Warehousing

This one-day introductory course will provide a comprehensive overview of the physical supply chain processes behind trading on the LME, covering LME approved-brands; the LME warehouse network; management of the flow of products and LME warrants.


Is this course for you? This course is suitable for you if you have little or no knowledge of physical trading or warehousing on the LME and want to learn specifically about processes relating to this.


What will you learn?

  • Become familiar with LME terminology and contracts
  • Understand base metals and how they are made
  • Deepen your knowledge of physical trading processes
  • Gain comprehensive knowledge of the LME warehousing system
  • Learn about LME warrants and their multiple uses 
  • Get to grips with LME systems including LMEsword and LMEshield

Benefits for you:
This course will provide you with an understanding of the key services provided by the LME, specifically in relation to the physical trading of metals, the warehousing industry, and logistics areas of the supply chain. It will demonstrate how you can effectively use these services in your operations, as both theoretical and practical skills developed at this course can be applied in the workplace.


Benefits for your organisation:
Organisations will benefit from employees who have a clear understanding of how the LME supply chain functions and how the core services of the Exchange can benefit the company.
Programme:

  • What are base metals and how are they made?
  • Review of the role and contracts of the LME
  • Pricing methodology
  • LME delivery, warehousing and LMEsword
  • Warehouse reforms
  • LME warrants, warrant withdrawal and inventory financing
  • Off-warrant commodity receipting with LMEshield
  • LME brand registration process
  • Contracts, INCO terms and documentation
  • Profit and loss of a physical trade 
  • Management of the flow of products: shipping and import credit risk


Pre-requisites:
None, although it may be beneficial to attend the Introduction to the LME course if you are not familiar with the basic operations of the LME.

Instructors

We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

London
Emma Jenkins

The course director 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 where she was responsible for the design and implementation of derivative pricing models for the interest rate and FX trading desks.  She moved into the commodity arena when she joined Credit Suisse to market complex hedge structures in precious metals and associated financings. 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 is currently a director of a consulting business which specialises in commodity price risk management and related expert witness work.

Her clients range from central banks and regulators, large miners, traders and manufacturers, wealth managers, through to small import/export businesses, thereby giving her a unique insight into the issues facing the many market participants.

Venue

London

Central London Hotel Venue

All courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.

Related Courses

Inhouse


 

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.

To find out more about running this course in-house:





Our Tailored Learning Offering

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 can offer any of our public courses delivered at your office or we can devise completely tailored solutions:


Read more about our offering or complete a call back request to speak to a learning specialist.

 

Why us


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 – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 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 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product