Citi Admitted as Clearing Member of London Precious Metals Clearing, Adds Loco London Settlement

Citi has been admitted as a clearing member of London Precious Metals Clearing Limited, expanding its precious metals franchise by adding Loco London settlement services for gold, silver, platinum and palladium. The admission allows Citi to clear and settle precious metals directly through the London bullion market's central clearing infrastructure, strengthening its institutional commodities offering. The move comes amid growing institutional demand for precious metals and represents an expansion of London's bullion clearing capacity, which remains limited to a small number of global banks that process transactions underlying the world's largest over-the-counter precious metals market.
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