Fraud Alert

LCH.Clearnet is constantly seeking to ensure that its members and the wider market are protected against the consequences of all forms of potential fraud inflicted on or using the clearing house.

However, it has come to the company’s notice that there have been recent cases where LCH.Clearnet headed paper and email addresses are being used to offer scrap metal for sale. These have been reported to the appropriate Fraud Prevention authorities here in the UK and overseas.

This type of fraud typically involves communication (usually via email) promising amounts of Scrap Metal against a deposit payment prior to delivery taking place at ports around the world.

LCH.Clearnet provides clearing services to financial and commodity sector corporate institutions only, and in the normal course of business does not arrange trades or money transfers directly with non-clearing members.

Any queries relating to suspicious transactions such as those described above should be brought to the attention of the Compliance and Regulation department on comp&regdept@lchclearnet.com