A Project Report on Fizz- London Metal Exchange
| dc.contributor.author | Joyson, Jayaraj | |
| dc.date.accessioned | 2017-08-31T13:29:31Z | |
| dc.date.available | 2017-08-31T13:29:31Z | |
| dc.date.issued | 2017-08-31T13:29:31Z | |
| dc.description.abstract | LME Warrants are paper certificates that represents ownership of a specific parcel of metal that is of the correct quality in a given shed/region. These warrants are generally stored in a secure depository and transferred via the LME SWORD system. The weight of the parcel is +/-2% of the defined contract size. EXAMPLE: Aluminium which is a 25 metric tons contract the weight of the parcel can be 24.5 – 25.5 metric tons. Ownership of a LME Warrant is transferred by being long or short the futures position and allowing the position to go to delivery. For on-exchange or listed positions the warrant ownership will transfer with the exchange known as a cleared transaction. For OTC or off-exchange positions the warrants ownership will be with a specific counter party known as an ex-cleared transaction. The LME is a physically delivering market: When a user takes a physical delivery of metal they will receive a random allocation of metal in any combination of the LME approved warehouses globally. The metal received can have a weight difference of +/-2% of the LME’s actual contract specification. Each LME Warrant issued is for 1 lot of metal. Ownership of LME approved physical metal is reflected with a certificate of ownership that is called an LME Warrant. | en_US |
| dc.identifier.uri | http://hdl.handle.net/123456789/8604 | |
| dc.language.iso | en | en_US |
| dc.subject | Fizz- London Metak Exchange | en_US |
| dc.subject | Joyson Jayaraj | en_US |
| dc.subject | 1NH14MCA40 | en_US |
| dc.title | A Project Report on Fizz- London Metal Exchange | en_US |
| dc.type | Other | en_US |