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Contract specification

LME Nickel Futures & Traded Options Summary Specifications

 LME Nickel Futures Summary Contract Specification
 LME Nickel Options Summary Contract Specification
 LME Nickel TAPOS Summary Contract Specification

Nickel Physical Specifications

Contract/Quality

  • Nickel of 99.80% purity (minimum) conforming to B39-79 (2004)

Lot size (warrant)

  • 6 tonnes (with a tolerance of +/- 2%)

Form/shape

  • Full Plate Cathode, Cut Cathodes, Pellets, Briquettes

 Contract Code

  • NI

Law / Regulation

English Law, with regulation by the LME and the Financial Services Authority (FSA).

This is a summary of the contract specifications. For full contract specification details, please refer to the LME Rulebook which details the complete rules and regulations of LME contracts.

LME contracts may only be offered or sold to United States foreign futures and options customers by firms registered with the Commodity Futures Trading Commission (CFTC), or firms who are permitted to solicit and accept money from foreign futures and options customers from trading on the LME pursuant to CFTC Rule 30.10.

Arbitration

In the case of unresolved disputes, arbitration is effected via the LME arbitration procedure, and/ or by other body agreed by the parties.

Chemical composition
PDF Chemical Composition of LME Primary Nickel Contract
ASTM: Designation B39 - 79 (reapproved 2004)
DOWNLOAD ( PDF KB )
Nickel Contract Specification
Title of document - 100KB
Effective from August 2009
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Contract Specifications
Title of document - 100KB LME Non-Ferrous Metals Contract Specifications
Full details of the contract specifications of the LME's contracts.
DOWNLOAD ( PDF KB )
 
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