LME confirms increase of 'decay factor' under LILO

The London Metal Exchange has confirmed it will increase the “decay factor” under its linked load-in/load-out (LILO) warehouse rule from 0.5x to 1.0x from August 1.

"In simple terms, a decay factor of 0.5x requires LILO to be in effect for two days to remove one day of queues [from a warehouse], whereas a decay factor of 1.0x requires LILO to be...

Published

Claire Hack

April 27, 2015

11:30 GMT

London