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LME Clear

LME Clear is the clearing house for the London Metal Exchange. Launched in 2014 it was designed and built in consultation with the market to provide cost-efficient, EMIR compliant clearing services, using cutting edge technology.

Key attributes

  • Real-time liability and collateral monitoring
  • Custom built, robust and resilient
  • EMIR compliant from launch
  • Flexible and focused on continued improvement
  • Real-time position monitoring
  • Streamlined operational processes including options expiry and collateral management
  • Rationalised suite of daily reports including fees by trade and account.

Download the LME Clear brochure for an overview of our services.

MASP
 How LME Clear works
LME Clear provides clearing and settlement services for users of the London Metal Exchange on all Ring, electronic and telephone trades.
Cotr
 Governance
LME Clear is authorised and regulated in the UK by the Bank of England.
Open interest
 Rules and regulations
The Rules have been developed by LME Clear and The London Metal Exchange ("LME") together with external legal counsel. 
Futures banding
 Membership
Information on how to become an LME Clear member. 
Warrant banding
 Risk management
LME Clear has a robust Risk Management Framework that provides the structure for clear risk policies, processes and internal control mechanisms to manage, assess and contain the risks posed to the clearing house.
Metal specific reports
 Collateral management
LME Clear has designed a Secure Payment System (SPS), in collaboration with the Bank of England and Settlement Banks.
Monthly oveview
 Reports
LME Clear provides a variety of reports to Members. Intraday reports as well as mechanisms to export intraday data are available from the clearing GUI.

Technology
The LME Clear Graphical User Interface provides Members with a comprehensive real time view of their core clearing activities.
Historic data
 LME Clear Projects
These are the stakeholder facing projects being undertaken by the LME Clear. Value-at-risk, R5 2017, R4 2017 and Compression.
Warehouse and stock reports
 Products Cleared
Information on what products and commodities can be cleared using LME Clear.
LME Clear report
 LMEwire
Reports derivatives transactions to a registered trade repository.
Volumes
 News and events
View the latest LME Clear news and events.

Useful links

Contact Us

For further information please get in touch.