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Commerzbank applies for cat II LME membership

February 05, 2013 - 14:34 GMT Location: London

KEYWORDS: Commerzbank , LME membership , base metals , trade finance

Commerzbank has applied to become a category II member of the London Metal Exchange, the exchange said in a notice to members on Monday February 4.

The Frankfurt-based bank is currently a category IV member of the LME, and as such is entitled to issue LME contracts, but it is not a member of LCH.Clearnet, the exchange’s clearing house,...

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