LCH.Clearnet, which clears London Metal Exchange (LME) contracts, said it will raise initial margins on all of the LME’s main contracts, effective close of business Thursday (Mar 27).
The following table shows the new initial margins, expressed in US$ per lot of metal, compared with the previous:
Metal |
New Margin ($/lot) |
Previous Margin |
Lot size (tonnes) |
Al Alloy |
3,080 |
1,820 |
20 |
Aluminium |
4,700 |
4,100 |
25 |
Copper |
15,000 |
12,500 |
25 |
Lead |
8,250 |
7,500 |
25 |
NASAAC |
3,240 |
2,060 |
20 |
Nickel |
20,412 |
18,000 |
6 |
Tin |
6,170 |
5,000 |
5 |
Zinc |
7,900 |
6,750 |
25 |
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