Following on from our popular Introduction to Loco London course, How to use Loco London is perfect for any investor or institution looking to understand more about the products traded in the largest and oldest gold market in the world.
You Will Learn
How to use physically settled and cash settled forwards, and switch between fixed and floating prices
What borrowing and lending on the swap is
All about leasing metal, calculating interest in metal and in cash
The difference between put and call options and when to exercise them.
Hosted virtually via Zoom, the course will comprise two three-hour sessions: 09:00 - 12:00 and 14:00 - 17:00 UK time.
Review of basics: Good delivery, allocated and unallocated accounts, spot and forward prices, contango and backwardation, derivatives
Forwards: Physically settled and cash settled forwards, switching between fixed and floating prices
Forward swaps: Borrowing and lending on the swap, using forward swaps to adjust settlement dates
Leasing metal: How it works, lease rates, calculating interest in metal and cash
Options: Put and call options, and when to exercise them
PLUS: two interactive workshops to put what you’ve learnt into practice and network with other attendees.
Who should attend?
This course is an ideal way to get up to speed if you:
Have good knowledge of precious metals through purchases, sales, and/or leasing – the course will help you understand how to use the main products traded in the market.
Have recently joined an LBMA Member organisation, or transferred to the precious metals area from another part of that organisation and/or would like to build on your knowledge from our first course.
Interact with the precious metals markets in any way and would like to understand more about how they work.
Fees & Registration
Non-member price: £700
Special price for LBMA Members and Subscribers: £600
This course is CPD Accredited. Please email firstname.lastname@example.org after you attend the course to request your certificate.
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