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LME Seminar Rotterdam

"INTRODUCTION TO THE LONDON METAL EXCHANGE
& INTRODUCTION TO HEDGING PRICE RISKS ON THE LME"

What will you learn:
This course offers you an in-depth introduction and understanding of all services provided by the London Metal Exchange (LME). The course will show you how these core services of pricing, hedging and delivery can improve and benefit your business. It also shows how LME contracts can protect and add value to your business. The course is aimed at all those involved in any aspect of the non-ferrous metals and steel industries who require an understanding of the pricing of their products and how to minimise the effects of volatile prices on their business. The course consist of classroom-style teaching by LME professionals. Both theoretical and practical skills developed at this course can be applied easily in the workplace. The latest news and topics about the LME will also be presented of course (for example: aluminium delivery queues in LME warehouses in Vlissingen, LME Platinum and Palladium prices...)

More than 800 metal traders and members of the metal industry have already participated to this LME educational seminar - and have been able to extent their knowledge about the LME. We will be happy to welcome you in Rotterdam!

Programme:

9:00AM - 10:30AM
- History of the London Metal Exchange
- The main services of the LME: pricing, hedging and delivery
- Trading at the LME: ring trading, interoffice trading and electronic trading
- Market terminology: cash price, forward price, contango, backwardation...
- Warehousing: LME warehouses, warrants and brands
- Up-to-date: Aluminium warehouse queues in Vlissingen

10:45AM - 12:30 AM
- All LME contracts in detail: non ferrous metals, steel and minor metals
- LME organization: board, commitees and member firms
- Regulation of the LME
- Clearing at the LME
- Defining and explaining price movements and their risks

12:30 AM - 1:30 PM
Lunch

1:30 PM - 2:45 PM
- Live audio transmission of the "2nd LME Copper Ring"
- Price volatility of metals
- Definition of hedging as a price risk protection tool
- Basis concepts, uses and benefitsof hedging with futures
- How to setup a hedging strategy

3:00 PM - 5:00 PM
- LME Futures
- Basic hedging examples: pricefixing hedge, offset hedge, average price...
- To hegde or not to hedge
- Questions and answers
- Price outlook for 2015

Speakers:
Patrick Heisch
Managing Director of Metalquote Informationsdienste GmbH
LME Market Data Vendor

Marcel Kamenzin
Senior Client Liaison Executive
MBH Metal Brokers Hamburg
LME Brokerage company

Date:
Thursday, 26th Februar 2015
Start: 9:00am - End: 17:00pm

Location:
HILTON ROTTERDAM
Weena 10
NL-3012 CM Rotterdam
Tel: +31 10 710 8011
Web: rotterdam.hilton.com

Seminar Fees:
545,00 EUR per participant
including all course materials, lunch and refreshments.

CLICK HERE TO REGISTER FOR THIS SEMINAR