SUBSCRIBER NOTE: Platts proposes to launch M1 CPC Blend CFD assessment

Following an increase in the traded volume of CPC Blend contracts for difference (CFDs) in the brokered market, S&P Global Platts proposes from June 1, 2017, to publish an assessment of the front-month CPC Blend CFD contract. Platts is requesting feedback on launching an assessment of the M1 CPC Blend CFD contract. In addition, Platts requests feedback relevant to the launch of an assessment, including current and expected levels of liquidity for the contract, typical roll dates in the brokered market, and typical lot sizes. The CPC Blend CFD instrument measures the difference between the Platts assessment of the outright price for CPC Blend crude oil and the Platts assessment of the Mediterranean Dated Brent strip. This difference is averaged over the period of validity of the contract, typically one calendar month. CPC Blend is Kazakhstan's largest crude oil export grade, loading from the Russian Black Sea port of Yuzhnaya Ozereevka near Novorossiysk. Following recent increases in physical crude export volumes, an active swaps market has also developed for the M1 CPC Blend CFD contract. Please send all comments by February 28, 2017 to europe_crude@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.