Platts to launch US crude FOB USGC eWindow June 1

S&P Global Platts will launch the WTI, Bakken and Eagle Ford FOB USGC Market on Close assessment processes on eWindow technology on June 1.

Participants in the MOC 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 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.

Guidelines for the publication of bids and offers in the MOC are published in the Oil Timing and Increment Guide available here: www.spglobal.com/platts/en/our-methodology/methodology-specifications/oil/oil-timing-and-increment-guidelines.

Other information relevant to the crude FOB USGC assessments can be found in the Americas Crude Oil Specifications guide here: www.spglobal.com/platts/plattscontent/_assets/_files/en/our-methodology/methodology-specifications/americas-crude-methodology.pdf.

An overview of Platts assessments methodology including the MOC can be found here: www.spglobal.com/platts/plattscontent/_assets/_files/en/our-methodology/methodology-specifications/platts-assessments-methodology-guide.pdf.

Any entities interested in participating in the MOC for USGC crude should refer to www.spglobal.com/platts/en/our-methodology/participation-review.

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

Please send all further feedback and comments to americas_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.