Prompt Date Settlement Gratis
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What is LME prompt date?
By Prompt dates, LME means dates on which contract trades. LME is providing daily contracts up to 3 months out, then weekly and so on as in your reference. Generally prompt month is the front month or nearby month that is the closest unexpired month. You can replace month by day or week as is the frequency.
What is a prompt date?
Meaning of prompt date in English a date for delivery of a commodity (= metal, oil, farm product, etc.) in a futures contract (= agreement to buy and sell a particular product on a particular date in the future at a fixed price): The prompt date is the first Wednesday of July.
What is a prompt month?
Prompt-month, also called near-month, refers to the futures contract that is closest to expiration and is usually for delivery in the next calendar month (e.g., prompt-month contracts traded in February are typically for delivery in March).
What is the LME?
The London Metal Exchange (LME) is a commodities exchange that deals in metals futures and options. The LME is a non-ferrous exchange, which means that iron and steel do not trade there. Instead, tradable contracts include aluminum, copper, gold, silver, cobalt, and zinc.
What is LME premium?
LME Aluminum Premiums are designed to work alongside the 'parent' LME Aluminum contract. They allow market participants to hedge the all-in price of aluminum and physically deliver or receive premium aluminum warrants in non-queued LME premium warehouses.
How does the LME work?
The LME is a terminal market whereby every futures contract anticipates that a delivery will take place. While the majority of contracts are for financial purposes and are cancelled out by equal and opposite contracts, there is a physical commitment behind the original contract.
What is LME price?
The LME Official Price is the last bid and offer price quoted during the second Ring session and the LME Official Settlement Price is the last cash offer price. How is it used? The LME Official Price is used as the global reference for physical contracts.
What is the meaning of LME?
What Is the London Metal Exchange (LME)? The London Metal Exchange (LME) is a commodities exchange that deals in metals futures and options. The LME is a non-ferrous exchange, which means that iron and steel do not trade there. Instead, tradable contracts include aluminum, copper, gold, silver, cobalt, and zinc.
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