SUBSCRIBER NOTE: Platts extends feedback period on proposal to amend basis for Brent CFD differential assessments

S&P Global Platts is extending the deadline to submit feedback on its proposal to amend the basis for its Brent Contract for Difference (CFD) differential assessments to April 28, 2017. The original deadline for feedback was January 31, 2017.

Platts proposed to amend the basis by which it assesses its Brent CFD differential assessments from M1 to M2 Cash BFOE on December 6. The original subscriber note can be found here: http://platts.com/subscriber-notes-details/26614089 In line with developments in the Brent Contract for Difference (Brent CFD) market, Platts proposed to amend the basis month used in the publication of Brent CFD differential assessments, starting from March 1, 2017, from M1 to M2 Cash BFOE. Platts is now seeking feedback on this proposal for a potential launch date of July 3, 2017.

Following the renaming of the underlying Cash BFOE contracts on October 3, 2016, Brent CFDs have been published as a differential to M1 Cash BFOE.

It is Platts understanding that while initial trading is indeed conducted on this basis, the Brent CFD market shifts promptly over the course of the month to trade relative to M2 Cash BFOE.

The proposed change is limited entirely to the published differential value for Brent CFDs.

The proposed change affects the following codes: PCAKA00, PCAKC00, PCAKE00, PCAKG00, AAGLU00, AAGLV00, AALCZ00, and AALDA00.

Please send all comments by April 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.