Matching and clearing are important functions of LME trading and reduce counterparty risk.
Matching starts the clearing process to reduce counterparty risk. Transaction details of a trade are compared to ensure both parties agree on the terms of the deal.
A process that helps protect both parties of the trade against default. The clearing house sits between the two clearing members who have negotiated the deal.
LMEwire is a service that enables members to meet their regulatory trade reporting requirements.