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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