Some LME members holding hedging or clearing contracts with UC Rusal have been worried about having to immediately unwind positions since the United States Treasury imposed sanctions on April 6 against the Russian aluminium producer.
"Contrary to certain suggestions in the market, the LME is not requiring prima facie that such relevant contracts must be immediately closed out," it said in the notice.
LME members may wish to close out Rusal's positions on the same price at which they were entered into - i.e. with no realization...
