This service will allow metal owners to lodge their warehouse receipts in a secure depository, with electronic transfer, pledging and administration functionality. The system will be hosted on Sentinel, the market-leading electronic custody solution provided by Kynetix, and will be underpinned by the LME’s longstanding expertise in authorising, coordinating and auditing a global metals warehousing network. The service is expected to be launched in the fourth quarter of 2015 subject to the receipt of relevant regulatory approvals.
London Metal Exchange and Kynetix partner to deliver a global commodity custody solution
