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| Originating department: | Commercial Services |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2849 |
| Service Circular No: | LME No 439 |
| Date: | 03 May 2011 |
| To: | All LME Clearing Members |
LME clearing services
The LME has today announced that it is considering building its own clearing house.
LCH.Clearnet has not received notice from the LME or indeed any indication regarding the likely timeframe. We have a long relationship with the LME and in particular with the LME market participants.
Ian Axe, chief executive of LCH.Clearnet said: “We value our relationship with the LME and shall continue to provide the LME and its members with an excellent service and the benefit of our unique experience in clearing for this complex market - we are a leader in commodities clearing globally. Market participants tell us they are looking for proven, efficient and consolidated clearing offerings. LCH.Clearnet is best placed to continue to deliver this.”
Should you have any queries please contact:
| David Farrar | Richard Heyman | |
| Director | Director, Head of Client Management | |
| [email protected] | [email protected] | |
| Tel: 020 7426 7582 | Tel: 020 7426 7293 |