State Street bolts in as cash reinvestment agent for LME CCP

London Metal Exchange CCP LME Clear has appointed State Street to manage its cash reinvestment activity.

The CCP clears base metal trades and in 2025 cleared over 700,000 contracts per day.

State Street and LME Clear  have started activity with a global agency repo service, including agency trading, to support LME’s cash reinvestment activity and enhance LME Clear’s portfolio liquidity management. Other solutions such as execution of repo transactions via Sponsored Member and Peer-to-Peer models are next in line for the agency repo service.

Joseph Thompson, LME Clear head of Treasury, noted: “Ensuring the safety and liquidity of our members’ cash is of paramount importance to us. Partnering with State Street will add further resilience and flexibility to our existing front to back-office Treasury activities, supporting capital and liquidity preservation on behalf of our members. We look forward to developing a long and successful relationship with State Street.”