HKEX News Events Education Contact us Account METALS TRADING CLEARING MARKET DATA PHYSICAL SERVICES Search the LME Home Clearing How LME Clear works Business continuity How LME Clear works Business continuity QUICK ACCESS Account structure Products cleared Service description Technology We are very proud that LME Clear has achieved the highest accreditation in standards of business continuity. LME Clear’s Business Continuity team has worked hard to put robust processes in place to deal with any disruptions to the smooth day-to-day running of our business, whether that is related to the orderly function of our trading platforms, or for our colleagues around the business should anything untoward happen. LME Clear’s Business Continuity Management System (BCMS) is based on a foundation recommended by the Business Continuity Institute’s Good Practice Guide. The system focuses on the essential services provided by LME Clear that require a strategy for continuance following a major disruption – for example, moving clearing operations to our secondary location if there’s a reason why the Finsbury Square offices are inaccessible; whilst also making sure that colleagues can continue their work from home if required. ISO 22301 is the International Standard for Business Continuity Management (BCM). LME Clear have obtained accredited certification against this standard and so can demonstrate to customers, regulators, legislators, prospective customers and other interested parties that LME Clear is adhering to good practice in business continuity. To achieve this standard the team worked closely with the British Standards Institute, going through a process involving a series of audits and close interrogation of our BCMS. We were awarded our ISO22301 certificate in April 2015 – however, the hard work for our team doesn’t end there: the standards must be monitored and maintained on an ongoing basis to ensure that our business continuity processes continue to meet the necessary requirements and are fit-for-purpose so that our business can run efficiently and confidently should anything out of the ordinary occur. Detailed business continuity plans are critical to the success of an EMIR compliant central counterparty. LME Clear's business plan describes our capability to plan for and respond to operational disruption, including events that could cause a wide-scale or major disruptions, and details our ability to continue appropriate service operations. Core objectives Employee safety Recover critical clearing activity (LME Clear platform and market monitoring) within two hours (ranking the functionality by criticality) Recover all other LME Clear functions within 48 hours Manage all incidents that are considered serious enough to warrant an invocation of the Business Continuity Disaster Recovery plan. Priority for recovery Real time clearing, operations and risk monitoring of market activity Treasury operations Remaining functions Contact us For more information, please get in touch. Contact us The products and services related to clearing activities provided by LME Clear and its critical functions: Clearing and Settlement, Risk Management and Collateral Management. STAY UP TO DATE Register with LME.com Receive full access to all our price data and gain access to our monthly LME newsletter, packed with market tips and insights from our on-staff specialists. Register now Metals Trading Clearing Market data Physical services About About the LME Committees Governance Corporate Business continuity FAQs Regulation LME Rulebook (Download) LME Clear Rulebook (Download) Guide to market structure (Download) Market regulation Benchmark regulation Pre-trade transparency Brexit Rules Arbitration Responsibility Responsible sourcing Sustainability Conduct Diversity and inclusion Charity Corporate disclosure CONTACT US London +44 (0)207113 8888 10 Finsbury Square London EC2A 1AJ Singapore +65 6535 5035 9 Battery Road #07-02 MYP Centre Raffles Place Singapore 049910 Register Log in Legal Privacy statement Cookie policy Modern slavery statement Website T&C's Email disclaimer Cyber security awareness © 2021 The London Metal Exchange - an HKEX Company. All rights reserved. This website uses Cookies By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Cookies Settings Accept All Cookies