Please see our list of presentations and documents relating to the LME risk management and default procedures.
Risk management overview
Margin Collateral Framework (PDF)Operational Risk Management (PDF)
Credit Risk Assessment Framework (PDF)
Default Fund (PDF)Liquidity and Investment Risk (PDF)
Anti-Procyclicality Framework (PDF)
LME Clear FSB Continuity of Access to FMIs (PDF)
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 (PDF)
Membership Exposure Limits Disclosure
Membership Exposure Limits Disclosure (PDF)
Liquidity Risk Management Best Practices
Liquidity Risk Management Best Practices (PDF)
Default Management Best Practices
Default Management Best Practices (PDF)
Disclosure
LME Clear Disclosure under EMIR Art.39 (7) (PDF)
LME Clear CPMI IOSCO Disclosure Document 2020 (PDF)
FAQ
Download a summary of our 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 licence. Chicago Mercantile Exchange Inc. assumes no liability in connection with the use of SPAN by any person or entity.
SPAN Initial Margin Calculation (PDF)
Example calculations on initial margin for LME base contracts
LME Base Metal Margin Calculation (PDF)
Client porting website
This document provides clearing members and clients information on the process for client porting in a default.
Contact us
For further information please get in touch.
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