trading at lcfe

Sell Commodities

SELECT A DMF

Identify an LCFE accredited dealing member firm (DMF) of choice and open a client account with them

APPLICATION FOR ONBOARDING ON LCFE

Your chosen DMF will collate your company’s documents and apply for onboarding on LCFE. If you own your warehouse your DMF will apply for onboarding of your warehouse

TRADING ACCOUNT

Upon approval by LCFE, your DMF will open a CSCS/trading account on your behalf. This account will be linked to your warehouse

WAREHOUSE DEPOSIT

You deliver approved commodities to the registered warehouse which will reflect automatically at the exchange

MANDATE INSTRUCTION

You give a mandate/instruction to your DMF to sell your commodity at chosen price and quantity. Your broker sells on your behalf to another client through their broker on the exchange

SETTLEMENT

Once the transaction has been concluded on the exchange your account will be credited in 3 days and the buyer can pick up their commodities from the warehouse

Buy Commodities

1

Identify an LCFE accredited dealing member firm (DMF) of choice and open a client account with them

2

Dmf will open a cscs/trading account on your behalf.

3

You give a mandate/instruction to your DMF to buy commodities on your behalf at your chosen price, quality and quantity. You deposit the total value of the commodity you want to buy in your brokers trading bank account

4

Your broker buys on your behalf from another client through their broker on the exchange

5

Once the transaction has been concluded on the exchange your money will be moved from your broker’s bank account to the seller’s account

6

The seller’s Commodities now belong to you. You can now pick up your commodity at the storage facility or choose to resell on the exchange for a profit

resources

You can download any of our resource files below:

AGRO-PROCESSOR COMPANY ONBOARDING FORM

AGRO-PRODUCTS AGGREGATOR ONBOARDING FORM

CERTIFICATION COMPANY ONBOARDING FORM

COLLATERAL MANAGEMENT COMPANY ONBOARDING FORM

CUSTODIAN ONBOARDING FORM

DEALING MEMBER FIRM REGISTERATION FORM

INSURANCE BROKER ONBOARDING FORM

INSURANCE COMPANY ONBOARDING FORM LCFE

ISSUING HOUSE ONBOARDING FORM

LCFE COMMODITY BROKER REGISTRATION FORM

REGISTRAR ONBOARDING REQUIREMENTS

SOLICITORS ONBOARDING REQUIREMENTS

TRUSTEE ONBOARDING REQUIREMENTS ON (LCFE)

WAREHOUSE COMPANY ONBOARDING FORM

AGRO -PROCESSOR COMPANY REGISTRATION FORM

APPLICATION FOR DEALING MEMBER LICENSE ON THE LAGOS COMMMODITIES AND FUTURES EXCHANGE (LCFE)

APPLICATION FOR ISSUING HOUSE LICENSE ON THE LAGOS COMMMODITIES AND FUTURES EXCHANGE (LCFE)

APPLICATION FORM FOR ENROLLING AS INSURANCE BROKER ON THE LAGOS COMMMODITIES AND FUTURES EXCHANG1

APPLICATION FORM FOR ENROLLING AS INSURANCE COMPANY ON THE LAGOS COMMMODITIES AND FUTURES EXCHANGE

APPLICATION FORM FOR ENROLLING AS SOLICITORS ON THE LAGOS COMMMODITIES AND FUTURES EXCHANGE (LCFE)

APPLICATION FORM FOR ENROLLMENT AS REGISTRAR ON THE LAGOS COMMMODITIES AND FUTURES EXCHANGE

APPLICATION FORM FOR ENROLLMENT AS TRUSTEE ON THE LAGOS COMMMODITIES AND FUTURES EXCHANGE (LCFE)

APPLICATION FORM FOR REGISTRATION AS SETTLEMENT BANK ON THE LAGOS COMMMODITIES AND FUTURES EXCHANGE

LCFE Agro-Aggregator Registration Form

LCFE APPLICATION FORM – OIL & GAS AGGREGATOR FORM

LCFE APPLICATION FORM - SOLID MINERALS AGGREGATOR FORM

LCFE Registration Certification Company

LCFE Registration Collateral Management

LCFE Registration Warehouse Company

trading at lcfe

Sell Commodities

Buy Commodities

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