SUBSCRIBER NOTE: Platts begins publication of M1 CPC Blend CFD Assessment

In recognition of the growing trading activity on CPC Blend CFDs, and in line with a decision published on April 3, 2017, S&P Global Platts has launched an assessment for the M1 CPC Blend CFD contract.

The decision note is available here: https://www.platts.com/subscriber-notes-details/26702175

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.

The assessment will roll forward on the 11th day of each month. This assessment represents a typical lot size of 100,000 barrels, with other lot sizes taken into account where relevant.

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 developed for the M1 CPC Blend CFD contract.

Please send all further 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.