Platts to discontinue low/high bates for Singapore 92 RON gasoline time spread derivative assessments

S&P Global Platts will discontinue the publication of low (l) and high (h) bate prices for its FOB Singapore 92 RON gasoline time spread derivative assessments from May 3, 2021.

The low and high bate prices are currently mathematically derived by applying a fixed plus or minus 2 cents/b to the Market on Close values of the FOB Singapore 92 RON gasoline time spread derivative assessments, which are represented by the published close (c) bates.

Platts first proposed to discontinue the low/high bates for Singapore 92 RON gasoline time spread derivative assessments in a subscriber note published Jan. 25, 2021. (http://plts.co/sKIF30ryiUu)

The removal of the low/high bates for the Month 1/Month 2 and Month 2/Month 3 FOB Singapore 92 RON gasoline derivatives will not impact the close (c) bates of the assessments. These will continue to be published and will continue to represent the value of the time spread derivatives at the market close.

In addition, Platts wishes to inform the market it stopped publishing low and high bates for FOB Singapore 92 RON gasoline time spread derivative assessments between Month 3 and Month 12, along with quarterly spreads on the same forward curve, with effect from Jan. 16, 2019. Platts understands that low (l) and high (h) bate prices for these time spreads may have displayed incorrectly on some vendor platforms between Jan. 16, 2019, and Jan. 18, 2021, but this has since been rectified.

The assessments that will no longer carry low and high bates starting May 3, 2021, are as follows:

Code Assessment

AAE0102 Gasoline 92 RON FOB Spore Financial Time Spread Mo01/Mo02

AAE0203 Gasoline 92 RON FOB Spore Financial Time Spread Mo02/Mo03

The assessments that no longer carry low and high bates since Jan. 16, 2019, are as follows:

Code Assessment

AAE0304 Gasoline 92 RON FOB Spore Financial Time Spread Mo03/Mo04

AAE0405 Gasoline 92 RON FOB Spore Financial Time Spread Mo04/Mo05

AAE0506 Gasoline 92 RON FOB Spore Financial Time Spread Mo05/Mo06

AAE0607 Gasoline 92 RON FOB Spore Financial Time Spread Mo06/Mo07

AAE0708 Gasoline 92 RON FOB Spore Financial Time Spread Mo07/Mo08

AAE0809 Gasoline 92 RON FOB Spore Financial Time Spread Mo08/Mo09

AAE0910 Gasoline 92 RON FOB Spore Financial Time Spread Mo09/Mo10

AAE1011 Gasoline 92 RON FOB Spore Financial Time Spread Mo10/Mo11

AAE1112 Gasoline 92 RON FOB Spore Financial Time Spread Mo11/Mo12

AAR0102 Gasoline 92 RON FOB Spore Financial Time Spread Qr01/Qr02

AAR0203 Gasoline 92 RON FOB Spore Financial Time Spread Qr02/Qr03

AAR0304 Gasoline 92 RON FOB Spore Financial Time Spread Qr03/Qr04

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