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 and settlement services, using cutting edge technology.

Real-time liability, collateral and position monitoring give LME Clear members more control over their business in key areas such as portfolio management, option expiry handling and reporting.

Like all clearing houses, LME Clear provides a financial guarantee to every contract, acting as “the seller to every buyer and the buyer to every seller”. In the event of a clearing member default, LME Clear will step in and manage the defaulting clearing member’s outstanding risk positions swiftly and efficiently.


About clearing at the LME 

Steel rebar
Collateral management
LME Clear has designed a Secure Payment System (SPS), in collaboration with the Bank of England and Settlement Banks.
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.
LME Clear is authorised and regulated in the UK by the Bank of England.
Rules and regulations
The Rules have been developed by LME Clear and The London Metal Exchange ("LME") together with external legal counsel. 
LME Clear reports
Member-only and free-to air reports showing cleared volumes, SPAN files, CPMI IOSCO disclosures.
Geometric structure
Strengthening the market
We are undertaking a programme of change to enhance and strengthen our markets to ensure that they thrive in the long-term. The action plan addresses recommendations put forward in an independent review, following events in the nickel market in 2022.
Stay up to date

Register with LME.com

Receive full access to all our price data and gain access to our monthly LME newsletter, packed with market tips and insights from our on-staff specialists.