SUBSCRIBER NOTE: Platts to launch M1 CPC Blend CFD assessment

S&P Global Platts will publish an assessment of the front-month CPC Blend CFD contract, starting June 1, 2017.

This decision follows feedback received in response to a subscriber note published January 13, 2017.

The proposal note is available here: http://platts.com/subscriber-notes-details/26638827. Platts will publish an assessment of the M1 CPC Blend CFD contract, with the assessment rolling forward on the 11th day of each month.

Platts will assess a typical lot size of 100,000 barrels, with other lot sizes taken into account where relevant.

The CPC Blend CFD instrument measures the difference between the Platts assessment of the outright price for CPC Blend crude oil and the Platts assessment of the Mediterranean Dated Brent strip.

This difference is averaged over the period of validity of the contract, typically one calendar month.

CPC Blend is Kazakhstan's largest crude oil export grade, loading from the Russian Black Sea port of Yuzhnaya Ozereevka near Novorossiisk.

Following recent increases in physical crude export volumes, an active swaps market has also developed for the M1 CPC Blend CFD contract.

Please send all comments 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.