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

Effective May 1, 2014, and following a proposal note on the same topic published February 11, Platts confirms that it is updating the time that price changes can be made in the Market on Close assessment process for BFOE CFDs to a maximum of $0.05/barrel per minimum of every 20 seconds.

This increases the incrementability from a maximum of $0.05/b per minimum of every 30 seconds and aligns 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.

Please send any comments or questions on the change 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.