Summary
LONDON (Reuters) - The London Metal Exchange is looking at using debt to finance its own clearing system and is unlikely to bring on a partner, Chief Executive Martin Abbott said on Tuesday [June 7].
The LME said late last month it was considering creating its own clearing system - a project which if successful could significantly boost revenues and allow speedier product development. The exchange said at the time it was considering both debt finance and a rights issue, but analysts said LME members might baulk at a request for capital.See the full content of this document
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Lme Mulls Debt to Pay for Clearing Project
On Tuesday, Mr. Abbott told Reuters in an interview the final decision on the project will be taken by the LME board and usi...
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