risk management

Risk document library

Please see our list of presentations and documents relating to the LME Risk Management and Default Procedures.

Risk management overview

Margin Collateral Framework


Default Management

Operational Risk Management


Credit Risk Assessment Framework

Default Fund

Liquidity and Investment Risk

Margin Methodology

Anti-Procyclicality Framework

LME Clear FSB continuity of access to FMIs

Default management

This document describes the processes LME Clear will follow during a default and contains key information for both clearing members and clients. 

Member and Client Default Management Framework


LME Clear Disclosure under EMIR Art.39 (7)

LME Clear CPMI IOSCO Disclosure Document 2020


Summary of frequently asked questions.


Margin calculations

This document describes how SPAN is used to calculate portfolio risk for options and futures. It also provides the format of the SPAN risk parameter file.

("SPAN" is a registered trademark of Chicago Mercantile Exchange Inc., used here under license. Chicago Mercantile Exchange Inc. assumes no liability in connection with the use of SPAN by any person or entity).

SPAN Initial Margin Calculation

Example calculations on initial margin for LME Base contracts

LME Base Metal Margin Calculation

Client porting website

This document provides Clearing Members and Clients information on the process for client porting in a default. 

Client Porting Website

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