The clearing house for LME Clear , known as LME Clear , announced end-2018 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 London Metal Exchange London branch has become the first Chinese settlement bank for The Bank of China's , after gaining approval for the initiative from the Bank of England .
The clearing house for LME Clear , known as LME Clear , announced end-2018 that it will start accepting offshore renminbi as eligible cash collateral. the London Metal Exchange London branch has become the first Chinese settlement bank for The Bank of China's , after gaining approval for the initiative from the Bank of England .