Friday October 9 2026
News Source: Global Exchanges
Focus: Clearing & Settlement
Type: General
Country: UK
On 8th October 2026, the London Metal Exchanges (LME) published a notice on rule change notice regarding introduction of contract specifications for the new LME steel HRC Shanghai cash-settled future; and enhancements to tick sizes and tenors for certain other cash-settled futures. This Notice shall be a Rule Change Notice for the purpose of the LME Clear Rules.
With effect from 27 October 2026, this Notice 26/248 replaces LME Notice 23/190 dated 31 October 2023 (PRICING PROCEDURES FOR CASH-SETTLED FUTURES) and LME Notice 21/218 dated 04 November 2021 (Final Settlement Prices for Cash-Settled Futures).
This Notice sets out the pricing methodology and procedures that the London Metal Exchange (LME) will follow in determining the Cash-Settled Futures Daily Settlement Price for all Cash-Settled Futures. The Notice also details the Cash-Settled Future Index, or for LME Steel HRC Shanghai the ‘Closing Settle’ that will be used by the LME as the Cash-Settled Futures Final Settlement Price for each of the Cash-Settled Futures.
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