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Account structure

LME Clear is EMIR compliant from launch. There is no limit to the number of client accounts a Member may operate and all accounts will be capable of porting, subject to the appropriate criteria being met.  

LME Clear account structures

House Account: Members can record positions and collateral attributable to their proprietary trading activities.

  • House business only
  • Margin net
  • Accounting for interest posting

Omnibus Client Account (OSA): Members can record positions and collateral attributable to trading activities conducted with or for clients, where the Member has chosen not to segregate by reference to individual clients. Each Omnibus Client Account can include multiple clients.

  • Margin net
  • Positions co-mingled
  • Collateral co-mingled
  • Excess – not required to be held at CCP
  • Portability – Yes, subject to criteria

Individual Segregated Client Account (ISA): Members can record positions and collateral attributable to trading activities conducted with or for specific clients. Only one client may be allocated to any specific Individual Segregated Client Account. Members can create TTCA and CASS specific ISAs.

  • Margin net
  • Positions by client
  • Collateral by client
  • Excess – Required to be held at CCP
  • Portability – Yes

Please see below the account structure for LME Clear. As new requirements and/or regulation becomes available, LME Clear will look to extend its account offering as required.

For further client information, click here.

 

For information on  LME Clear Disclosure and Transparency, click here