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We study a noiseless broadcast link serving K users whose requests arise from a library of N files. Every user is equipped with a cache of size M files each. It has been shown that by splitting all the files into packets and placing individual packets in a random independent manner across all the caches prior to any transmission, at most N/M file transmissions are required for any set of demands from the library. The achievable delivery scheme involves linearly combining packets of different files following a greedy clique cover solution to the underlying index coding problem. This remarkable multiplicative gain of random placement and coded delivery has been established in the asymptotic regime when the number of packets per file F scales to infinity. The asymptotic coding gain obtained is roughly t = K M/N. In this paper, we initiate the finite-length analysis of random caching schemes when the number of packets F …