LME to consider replacing warehouse rent caps with specific daily load out rates
Reuters03-10
LME to consider replacing warehouse rent caps with specific daily load out rates
March 9 (Reuters) - The London Metal Exchange said on Monday that current caps on rent charged by its network of warehouses could be replaced with a requirement to load out 1.5% of metal on warrant on a daily basis.
As part of a consultation on proposed enhancements to its physical market infrastructure, the LME also said it was interested in views on whether so-called "evergreen" rent deals should be ended.
(Reporting by Tom Daly)
((Tom.Daly@thomsonreuters.com; editing by Pratima Desai))
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