LME clearing house announces enhancements to its margin collateral services
LME clearing house announces enhancements to its margin collateral services LONDON, June 15 (Reuters) - The London Metal Exchange's clearing house announced enhancements to its margin collateral services on Monday, saying that members will now have more flexibility in their use of offshore renminbi and warrants as collateral.
The amount of offshore renminbi that can be held as collateral by each member has been increased by 50%, LME Clear said in a statement, adding that the revised interest rate would be retained until at least the end of 2026.
(Reporting by Polina Devitt; Editing by Emelia Sithole-Matarise)
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