Commodity Exchange Operations

London Metal Exchange

Our experienced team act as the link between LME members, Warehouse Companies and the Exchange via the electronic Warrant creation & stock control system (SWORD) to:

Issue negotiable Bearer documents (LME Warrants)
Deliver to members in time for daily clearing commitments
Warrant release – prompt cancellation and release of warrants
Removal of warrants – prompt reporting of physical delivery of warrants
Annual Rent Write Up – when payment is received all warrants need to be endorsed in SWORD as rent paid in order for the warrants to remain valid for good delivery.
Stock Reconciliation – daily reconciliation of Warehouse Companies stocks to ensure complete accuracy of price sensitive LME published stocks

NYSE Liffe

We act as London Agent for a number of NYSE Liffe listed Warehouse Companies where we are responsible for:

Warrant endorsement
Weight adjustment
Warrant cancellation and release

Our location in the heart of the City of London allows us to process the warrants either at our office or on site at the offices of the major banks/brokers.