SUBSCRIBER NOTE: Platts launches FOB WTI Midland Scapa Flow eWindow April 22

Following the launch of the WTI Midland FOB Scapa Flow spot assessment, S&P Global Platts launched the Market on Close assessment through eWindow technology on Wednesday, April 22.

Platts first launched the WTI Midland FOB Scapa Flow on March 2, in a subscriber note available here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/030220-platts-begins-wti-midland-fob-scapa-flow-assessment

The assessment is published in conjunction with Platts existing Delivered at Place (DAP) WTI Midland and Eagle Ford 45 basis Rotterdam and Augusta assessments.

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

Platts expects credit relationships that prevail inside its assessment environment to fully reflect relationships in the markets 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 a counterparty submitting information through an editor has not already notified Platts of any counterparty credit restrictions, they should notify Platts at least one hour prior to the start of the MOC process if any counterparty credit filters need to be modified.

The eWindow provides direct entry and management of credit filters which should mirror those normally applied in the marketplaces.

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

Please send all further feedback and 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.