We use cookies for statistical and measurement purposes, to help improve our website and provide you with a better online experience. By clicking I accept you agree to such purposes. You can find out more and withdraw your consent at any time.
Please see the minimum Membership requirements and the required documentation below.
Membership requirements
Minimum net capital of $10 million
Banking mandates with secure payment system providers (SPS) settlement banks in a minimum of USD and GBP
Member’s staff must have sufficient experience and knowledge of the products being cleared
Appropriate systems to manage clearing activities
The membership application procedures form part of the Rules and Regulations of LME Clear and include:
Completion of appropriate application documentation
- A successful due diligence visit completed by LME Clear
- Approval by the LME Clear Executive Risk Committee
- Completion of necessary testing and training
- Payment of default fund contribution – this is a minimum initial contribution which will be adjusted to a risk based contribution following a period of clearing