State Street becomes LME Clear cash investment agent

Reuters
Yesterday
State Street becomes LME Clear cash investment agent

State Street has been selected by LME Clear, the clearing house for the London Metal Exchange, to act as its cash investment agent for cash reinvestment activity. State Street and LME Clear have begun work using a global agency repo service, including agency trading, to support LME Clear’s cash reinvestment and liquidity management. The parties are also exploring integration with additional repo execution models, including Sponsored Member and peer-to-peer approaches.

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