The LME Board is making a number of amendments to its Exchange User Fee on the back of points raised by members.
The new fee will now not apply to short-dated carries (anything from Tom to 15 days inclusive), which will remain unchanged. Implementation of the Exchange User Fee has also 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 USD$0.79 per lot.
The impact on the Exchange of the introduction of the Exchange User Fee will be kept under constant review.