LCH.Clearnet is tripling its fees for London Metal Exchange contracts, Financial News has learnt, as the Anglo-French clearinghouse enters its final year as the incumbent clearer for the commodities bourse.

The increase from 5p to 15p per lot on all contracts and for all clearing members will take effect on June 1, according to a notice sent to members and seen by Financial News today. All LME contracts are traded in lots, which vary in size from one to 65 metric tonnes.

LCH triples fees for LME in final year as clearer

New charges will take effect in June and come as the London Metal Exchange prepares to launch its own clearinghouse in 2014

 Suzi Ring

CME Group

Hong Kong Exchanges and Clearing

London Stock Exchange Group

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