SUBSCRIBER NOTE: Platts proposes to change increments for Singapore HSFO derivatives MOC

S&P Global Platts proposes to change the increments for the Market on Close assessment process for Singapore high sulfur fuel oil derivatives to a minimum incrementability of 5 cents for every 10 seconds and maximum of 50 cents for every 10 seconds for flat price bids and offers.

The current incrementability for flat price bids and offers for HSFO derivatives are set at a minimum of 25 cents per 30 seconds and a maximum of 100 cents per 30 seconds.

Platts also proposes to change the increment for the Market on Close assessment process for Singapore high sulfur fuel oil derivatives to a minimum incrementability of 5 cents for every 10 seconds and a maximum of 25 cents for every 10 seconds for timespread and viscosity spread bids and offers.

The current incrementability for timespread and viscosity spread bids and offers for HSFO derivatives are set at a minimum of 25 cents per 30 seconds and a maximum of 50 cents per 30 seconds.

The extension trigger timing will remain unchanged. An extension would be triggered by any price move or a rebid/re-offer in the last ten seconds prior to the close of the MOC at 4:30 pm Singapore time (0830 GMT).

Platts proposes to make these changes with effect from March 1, 2017.

Please send comments and questions by January 31, 2017.

Please send any feedback or questions to asia_products@spglobal.com and pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.