Summary
- This Notice restates and updates the Policy for establishing:
- the Official and Closing Prices on LMEselect in the event the Ring is not available or disrupted; and
- the Cash-Settled Future Daily Settlement Price for a number of Cash-Settled Futures in the event that trading is disrupted on LMEselect during the relevant VWAP window, (the “Policy”).
- This Notice supersedes and replaces LME Notice 19/396, dated 05 December 2019, and appends an updated version of the Policy, which has been revised to include further detail on use by the Quotations Committee of expert judgement in the determination of Official Prices and Closing Prices for forward months.
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