The settlement house for the London Metal Exchange , known as LME Clear , announced recently that it will start accepting offshore renminbi as eligible cash collateral . The bank's net interest margin narrowed to 1.84% in 2019 from 1.90% the previous year, but its nonperforming-loan ratio improved to 1.37% from 1.42% as of end-2018. The Bank of China 's London branch has become the first Chinese settlement house for the Clear , after gaining approval for the initiative from the Bank of China .
The settlement house for the London Metal Exchange , known as LME Clear , announced recently that it will start accepting offshore renminbi as eligible cash collateral . The Bank of China 's London branch has become the first Chinese settlement house for the Clear , after gaining approval for the initiative from the Bank of China .