This website uses cookies. Please refer to our cookies policy for further information. By continuing to use this website, you are consenting to the use of these cookies.

Close

Skip navigation

Become a Clearing Member

Minimum Membership requirements

Please see the minimum Membership requirements and the required documentation below. Please feel free to contact us to discuss your application for LME Clear.

  • Minimum net capital of £5 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

Documentation Required

  • LME Clearing Membership Agreement  and corporate documentation
  • Secure Payment System  Mandates – UK and US minimum
  • Security Deeds pertaining to lodging of non cash collateral
  • Client onboarding reference pack (static data etc)
  • Other documents may be required for new entities or certain account structures

Download the application pack 

Learn more about Connectivity to LME Clear