LME Rules definition
Examples of LME Rules in a sentence
The Delivery Settlement Price is established by the Exchange in accordance with the LME Rules and Regulations.
Matched trading data is presented for registration to the Clearing House, as prescribed in the LME Rules, in the name of the Clearing Member submitting them to the LMEsmart Matching System (evidenced by the use of the system security password).
The LME Rules and Regulations define which traded option series will be subject to automatic exercise at expiry.
A premium or discount may apply to certain products for delivery purposes, refer to LME Rules and Regulations for applicable products and premium/discount rates.
Where invoicing back of an LME Service Clearing Member’s open contracts is to be performed according to the provisions of the Regulations or the LME Rules andRegulations, the Clearing House will produce the appropriate invoice(s) and credit note(s).
The conformance testing shall ensure that the basic functioning of the Member’s trading system, algorithm and strategy complies with the LME’s conditions set out in the LME Rules and in this policy.
These revisions have been developed in consultation with the Accountability Officer and have her concurrence.
Settlement payments for differences between the contract price and the Settlement Price will be made via PPS and debited/credited to the relevant account of the relevant LME Service Clearing Member on the business day following publication of the Settlement Price or in accordance with the LME Rules and Regulations.
Access requirements for prospective LME participants are set out in Part 2 of the LME Rules.
All open contracts are marked to market daily by the Clearing House in accordance with LME Rules and Regulations.