Training and Education
An Introduction to Loco London
A Live Overview of the London Bullion Market
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 course, How to Use Loco London. It takes a deeper dive into the products traded in the market on a daily basis.
If you have any questions or require further information, please contact training@lbma.org.uk.
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 Information
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
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.
- Non-member price: £900
- Special price for LBMA Members and Subscribers: £780
(Prices shown are exclusive of VAT)
With just 15 places available on each course, you will need to act quickly to secure your place – we expect this newly available course to be popular.
For the Member discount code, please contact training@lbma.org.uk.
This course is CPD Accredited. Please email training@lbma.org.uk after you attend the course to request your certificate.
Testimonials
“The course was really well delivered and Emma was a great facilitator and kept us all engaged throughout the day.”
“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.”
“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 of topics and weighting toward each.”
“Very good course, very informative and exactly what I was looking for.”
“The level of engagement was spot on, not too much, not too little - very well done and thank you for the unique experience.”
“It was definitely worth spending a day to receive a simple, easy and overall overview of the LBMA Market and the mechanisms around it."