SUBSCRIBER NOTE: Platts launches OSP, Dubai-related Middle East crude oil eWindow

Following increasing interest seen for Middle East crude cargo trades on an official selling price or Platts Dubai-related pricing basis, S&P Global Platts has launched the Market on Close assessment process for Middle East cargoes on an OSP or Platts Dubai-related pricing basis through eWindow technology on April 7, 2017.

Participants in the Platts MOC assessment process will be able to submit bids or offers for publication directly through the eWindow software, or through an editor, who would then publish bids and offers using the software.

Bids, offers and trades for Murban, Das Blend, Oman, Upper Zakum, Al Shaheen, Qatar Land, Qatar Marine and Banoco crude cargoes will appear in the eWindow software under the respective product names, Platts Murban Cargo, Platts Das Blend Cargo, Platts Oman Cargo, Platts Upper Zakum Cargo, Platts Al Shaheen Cargo, Platts Qatar Land Cargo, Platts Qatar Marine Cargo, and Platts Banoco Cargo. Headlines generated by the software on Platts Global Alert will carry these prefixes.

Platts expects credit relationships that prevail inside its assessment environment to fully reflect relationships in the market as a whole.

Where Platts editors publish bids and offers on behalf of a company that submits data to an editor, counterparty credit settings are set to "open" for regular participants in the assessment process, unless companies have notified Platts in advance of any restrictions.

If you are submitting information through an editor and have not already notified Platts of any counterparty credit restrictions, please provide notification at least one hour prior to the start of the MOC assessment process if any counterparty credit filters need to be modified.

eWindow provides direct entry and management of credit filters, which should be those normally applied in the marketplace, for companies participating directly through the software.

Platts provides training to participants interested in learning the use of the software.

Please send all comments, feedback and questions to asia_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.