LME Clear

LME Clear became operational on 22 September 2014 and throughout its first year is successfully demonstrating its robust risk management of the LME market. LME Clear, the clearing house for the LME, was designed and built in consultation with our Members and users of the LME.

LME Clear is cost-efficient, EMIR compliant and powered by cutting edge technology.

By clearing through LME Clear, LME Clearing Members benefit from a new EMIR compliant clearing house providing enhanced central counterparty (CCP) services.


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.

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.
Historic data
LME Clear Projects
These are the stakeholder facing projects being undertaken by the LME Clear. R1 2016R2 2015Compression and Warrants.
Warehouse and stock reports
Products Cleared 
Information on what products and commodities can be cleared using LME Clear.
Volumes
News and events
View the latest LME Clear news and events.

Contact LME Clear
Contact the LME Clear team.