The LME Board has considered points raised by members over the new Exchange User Fee and has, therefore, decided to make a number of amendments.
The new fee will not apply to short-dated carries (anything from Tom to 15 days inclusive), which will remain unchanged. Implementation of the Exchange User Fee has been delayed until 2 July 2012 to allow for systems compliance.
The Exchange User Fee for client contracts will be denominated in US dollars rather than in GBP and will therefore be $0.79 per lot.
The impact on the Exchange of the introduction of the Exchange User Fee will be kept under constant review.
