SUBSCRIBER NOTE: Platts proposes to shorten extension trigger time for Dubai partials

Platts proposes to shorten the time that an extension is triggered in the Market on Close assessment process for Dubai, Oman, Upper Zakum partials, partial spreads and cargoes. Currently an extension is triggered by any price move or a rebid/re-offer in the one minute prior to the close of the MOC at 16:30:00 Singapore time. Platts proposes to shorten this trigger to any price move or a rebid/re-offer occurring in the last ten seconds prior to the close of the MOC at 16:30:00 Singapore time from March 1, 2013. Platts also wishes to clarify that the extension period lasts 60 seconds for Middle Eastern crude oil partials, partial spreads and cargoes of Oman, Dubai and Upper Zakum. Platts also proposes to remove the 16:29:00 Singapore time (0829 GMT) cut-off point for final bids and offers in the MOC process for Middle Eastern crude oil partial spreads and cargoes of Oman, Dubai and Upper Zakum. Platts requests further comments on the proposal by February 1, 2013, to asia_crude@platts.com and pricegroup@platts.com.