CME Adds Deutsche Bank To Gold Custodian Providers
January 27 2012 - 4:23PM
Dow Jones News
CME Clearing, a division of exchange-operator CME Group Inc.
(CME), added Deutsche Bank AG (DB, DBK.XE) London Branch to its
gold custodian providers, the company said in a statement
Friday.
Deutsche Bank will provide gold custodian services on behalf of
CME Clearing starting immediately, according to a CME Clearing
advisory.
A gold custodian stores gold on behalf of trading firms active
on the CME exchanges, allowing those firms to meet trading margin
requirements with gold payments instead of cash.
-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095;
tatyana.shumsky@dowjones.com
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