LME's clearing house to accept warrants as collateral

September 11, 2015 9:30 AM

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LONDON, Sept 11 The London Metal Exchange's clearing house has received approval from the Bank of England to accept LME metals warrants as collateral, a move which will help participants manage risk, the exchange said on Friday.

An LME warrant is a document of possession issued by warehouses for metal held on the owner's behalf.

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