The London Metal Exchange (LME) has notified the market that, with effect from 27 August 2024 and pursuant to Regulation 6.1 of Part 2 of the Rules and Regulations of the LME, Societe Generale International Limited (SNC) will cease to be a Category 1 Member of the LME and will become a Category 2 Member.
Category 1
- Provides access to the Ring, LMEselect and the inter-office market
- LME Clear member, issues LME registered client contracts
Category 2
- Provides access to LMEselect, and the inter-office market
- LME Clear member, issues LME registered client contracts
For the avoidance of doubt, the change will have no effect on SNC’s existing status as a General Clearing Member of LME Clear Limited.
