Citi Joins London Metals Clearing, Adding 4-Metal Loco London Settlement Services
Updated
Updated · Markets Media · Jul 7
Citi Joins London Metals Clearing, Adding 4-Metal Loco London Settlement Services
3 articles · Updated · Markets Media · Jul 7
Summary
Citi was admitted as a clearing member of London Precious Metals Clearing Limited, extending its precious-metals platform with Loco London settlement for gold, silver, platinum and palladium.
The move broadens Citi Commodities’ offering to global clients while expanding LPMCL’s clearing-member network in the London bullion market.
LPMCL said Citi’s entry adds capacity to the clearing and settlement system for the dominant global over-the-counter precious-metals market.
The admission underscores London’s central infrastructure role in bullion trading as banks seek deeper participation across trading, clearing and settlement.