20 February 2023 (In-Person) - 9:00AM - 5:00PM GMT
23 May 2023 (Virtual) - 9:00AM - 5:00PM BST
This live course offers a detailed and definitive primer for any investor or institution looking to understand and take part in the global precious metals market. This course is CPD Accredited.
Looking for something more advanced on the London Bullion Market? Find out more about our latest course, How to Use Loco London. It takes a deeper dive into the products traded in the market on a daily basis.
What You Will Learn
How the global precious metals market, centred in London, operates
How the clearing and settlement process functions
How the Good Delivery Lists assure metal quality
How the precious metals auctions work and how to use bullion derivatives
Course programme This course will cover:
Good Delivery: Physical specifications for bars, metal accounts, clearing and vaulting
Price basics: Spot and forward prices, forward curves, contango and backwardation
LBMA prices: Price discovery and auctions
Derivatives: Forwards and options, OTC and exchange traded markets, ETPs
Leasing metal: Why lease metal, how it works, lease rates
LBMA: Projects, membership and the future
Who should attend?
This course is an ideal way to get up to speed if you:
Have exposure to precious metals through purchases, sales, and/or leasing – the course will help you understand how the market operates, and how to manage risk
Have recently joined an LBMA Member organisation, or transferred to the precious metals area from another part of that organisation
Interact with the precious metals markets in any way and would like to understand more about how they work.
Looking for something more advanced on the London Bullion Market? Find out more about our latest course, How to Use Loco London.
This course is CPD Accredited. Please email firstname.lastname@example.org after you attend the course to request your certificate.
Fees & Registration
Non-member price: £700
Special price for LBMA Members and Subscribers: £600
(Prices shown are exclusive of VAT)
With limited places available on each course, you will need to act quickly to secure your place – we expect this course to sell out fast.
In-person training courses take place at the new LBMA Office:
62 Threadneedle Street
The virtual course is comprised of two 3-hour sessions hosted on Zoom. Single day courses include a two-hour break between the two sessions.
Meet Your Trainer
Emma Jenkins is a commodity derivatives expert who specialises in risk management advisory, training and expert witness services in metal markets.
Emma’s banking career started at Goldman Sachs. As a derivatives structurer on the precious metals desk at Credit Suisse, she helped integrate the physical and derivatives business units, and obtain a seat at the Gold Fix. Later, at Macquarie Bank, her role broadened to include base metals, and oil and gas derivatives and financings.
Emma is known for her ability to convey complex ideas to diverse audiences.
Emma Jenkins Managing Director
EJJ International Limited
“The course was really well delivered and Emma was a great facilitator and kept us all engaged throughout the day.” - 23 July 2020
“Very interesting course not only for the “beginners” but also for the people who are in the precious metals business. Useful information and very good explanation provided by Emma.”– November 2020
“Emma delivered the content brilliantly. Clear, concise, easy to understand. Excellent use of time. Plenty of attention to answering questions. I thought the content was just the right blend on topics and weighting toward each.” - 23 July 2020
“Very good course, very informative and exactly what I was looking for” – September 2020
“The level engagement was spot on, not too much, not too little - very well done and thank you for the unique experience.” - 23 July 2020
“It was definitely worth spending a day to receive a simple, easy and overall overview of the LBMA Market and the mechanisms around it. ”– November 2020
LBMA Virtual Training | An Introduction to Loco London