Clearing house Tuesday added renminbi as fifth currency for cash collateral
London Metal Exchange clearing house LME
Clear has ramped up preparations to allow members to use
warrants for collateral in the fourth quarter of the year,
after Tuesday adding its fifth currency for cash collateral,
LME Clear chief exec Trevor Spanner told
FOW Tuesday the clearing house is already working on its next
innovation -- warrants as collateral.
"We are currently in system testing and
are working on regulatory approval to add warrants," said
Spanner, with the LME Clear eyeing October for testing with
members, ahead of a launch in November, subject to regulatory
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