SUBSCRIBER NOTE: BFOE CFD eWindow incrementability timing to move to 20 seconds

Platts proposes to shorten the time that price changes can be made in the Market on Close assessment process for BFOE CFDs. Currently, market participants can move a maximum of $0.05/barrel per minimum of every 30 seconds. Platts proposes to shorten this guideline to a maximum of $0.05/b per minimum of every 20 seconds. This proposal will align the incrementability timing of BFOE CFDs with the wider paper markets reflected in Platts European eWindow MOC processes. Market participants who wish to communicate indications and subsequent price changes to Platts via Yahoo Messenger are welcome to do so, but will be subject to non eWindow guidelines stating a maximum value change of $0.05/b per minimum of every 60 seconds. Incrementability does not apply to bids and offers that are moving away from market value. Platts requests further comments on the proposal by March 14, 2014, to europe_crude@platts.com and pricegroup@platts.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.