Commodities

LCH.Clearnet is Europe’s leading clearer of commodities and has been clearing commodities for over a century, since the London Clearing House was established in 1888. We provide clearing and settlement services for both the exchange traded and the over-the-counter (OTC) commodity markets.

Exchange Traded

London Metal Exchange - we clear non-ferrous metals, plastics and steel on all floor, electronic and inter-office trades.

NYSE Liffe - we process a broad range of futures and options contracts covering soft and agricultural products.

HKMEx - we clear gold and silver futures contracts.

OTC

Coal Swaps and Options - we clear coal swaps and options contracts settled against API 2 cif ARA (Argus/McCloskey) and API 4 Richards Bay (Argus McCloskey) index prices.

Fertilizer Swaps - we clear six fertilizer swap products: Yuzhnyy urea, Egypt urea, Nola urea, Tampa DAP, Nola DAP and Nola UAN, representing the most liquid nitrogen and phosphate markets.

Iron Ore Swaps and Options - we clear iron ore swaps and options contracts, settled against the daily TSI index (The Steel Index) 62% fe.

Steel Swaps - we clear steel swaps contracts settled against The Steel Index (for the European and Turkish Scrap contracts) and the Cleartrade China Steel Index (for the Chinese contracts).

Gold - we clear loco London gold trades priced in USD, with a minimum price fluctuation of USD 0.001, with a weight in multiples of 100 troy ounces and with daily tenors (excluding London and New York bank holidays) up to a maximum of ten years.