Platts clarifies MOC guidelines for EMEA Gasoline financials

S&P Global Platts wishes to clarify that bids, offers and intentions to trade will be published for Gasoline Eurobob E10 Non-Oxy FOB AR Barge Financials on page 5 of Platts Global Alert in its MOC assessment process. Platts also wishes to clarify that these timing and increments also apply to existing Eurobob E5 financial manual positions.

Indications from market participants may be received by Platts via instant messenger, telephone or other acceptable means.

Headlines will be generated manually by Platts editors, and will typically include the standard prefix "~~ Platts Gasoline:".

Platts standard financial manual timing and increment guidelines will apply to these positions. eWindow functionality for the E10 instruments may be added at a later date. These manual guidelines are as follows:

TIMING: The cut-off for placing bids or offers each day in the MOC will be 16:15:00 London time.

INCREMENTABILITY: Bids and offers may be improved by up to $1/mt every 60 seconds. Repeat bids and offers should be communicated to Platts within 60 seconds of a transaction being reported.

BID/OFFER FREEZE: From 16:28:00 onwards, Platts maintains a price freeze on published bids and offers until the close of the MOC process, during which changes in price may not be published. Transactional interest and repeats will continue to be published during the price freeze. As per standard Platts methodology, any bid or offer may be withdrawn at any time, so long as no interest to trade the indication has been expressed.

EXTENSION: To further test the repeatability of a transaction, when a repeat bid/offer is communicated to Platts between 16:29:40 and 16:30:00:999, a one-minute extension will apply for those repeated indications, with a market close extended to 16:31:00:999.

VOLUME: Platts will continue to publish bids and offers for the standard quantity of 5,000 mt reflected in the assessment and multiples thereof.

MOC CONTACT DETAILS: Market participants may find the following contact details useful for the MOC:

Telephone: +44 (0)20 7176 7881

ICE IM: Platts_EMEA_Gasoline

Email: PL_LightendsEurope@spglobal.com

Please send any comments or questions to europe_products@spglobal.com and copy 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.