SUBSCRIBER NOTE: Platts proposes change to Chicago Rule 11 ethanol delivery timing

As part of Platts' practice to review, refine and enhance its assessment processes, Platts is proposing changing the timing for its assessment of Chicago Rule 11 Ethanol, effective June 14, 2013. Platts' current Chicago Rule 11 assessments reflect trades of minimum five rail car lots (145,000 gallons) basis FOB Chicago, for delivery five to 15 days forward from publication date. "Rule 11" is a railroad accounting term that refers to a customer shipping their freight "pre-paid" to an intermediate point and "collecting" beyond that intermediate point to the final destination. Following industry feedback, Platts has determined that industry practices reflect This-Week-Shipment (TWS) and Next-Week-Shipment (NWS) systems of delivery. Platts is proposing that from Monday through Wednesday, the timing for the Chicago Rule 11 ethanol assessment would reflect This-Week-Shipment (TWS); on Thursday and Friday, the timing of the assessment would reflect Next-Week-Shipment (NWS). For example, on June 3, the loading timing would reflect June 4 through June 8. On June 6, the loading timing would roll to June 9 through June 15. Please provide feedback to Shameek Ghosh at shameek_ghosh@platts.com, copy kevin_allen@platts.com and pricegroup@platts.com by May 17, 2013.