Platts to delay launch of eWindow instruments for FOB Arab Gulf gasoil derivatives MOC Aug. 1

Due to technical issues, Platts, part of S&P Global Commodity Insights, will delay the launch of eWindow instruments for FOB Arab Gulf 10 ppm gasoil derivatives to August 1, 2023.

Platts first announced the launch of the eWindow instruments in a subscriber note published March 23: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/032323-platts-to-launch-ewindow-instruments-for-fob-arab-gulf-gasoil-derivatives-moc-july-3

Participants in the Market on Close process will be able to submit bids or offers for publication directly through the eWindow communication tool or do so through an editor who would then publish the bids and offers using the software.

Bids, offers and trades for FOB Arab Gulf gasoil derivatives will be published through the eWindow software for Balance Month, Month 1, Month 2 and/or Month 3 contracts, along with their associated time spreads. For example, in August, a market participant can bid for an August FOB Arab Gulf gasoil derivative and bid for an FOB Arab Gulf September/October gasoil derivative. The instruments will appear in the eWindow software with the hub as FOB Arab Gulf Gasoil.

Headlines generated by the software on Platts Global Alert will carry the prefixes Platts GO (balmo) or Platts GO or Platts GO Spr.

The newly listed FOB Arab Gulf gasoil derivative eWindow instruments will reflect a minimum volume of 50,000 barrels.

Platts has established clearly defined timing guidelines and standards of incrementability that apply when publishing bids and offers in the MOC in order to ensure an orderly and transparent price assessment process.

INCREMENTABILITY: Flat price bids and offers for FOB Arab Gulf gasoil derivatives may be improved by a maximum of 10 cents every 10 seconds, while for time spread bids and offers can be improved by a maximum of 5 cents every 10 seconds.

REPEATABILITY: Market participants will have 20 seconds to repeat a bid or offer, following a trade.

EXTENSION: An extension of one minute will be triggered by any price changes or a rebid or reoffer in the last 10 seconds before the close at 16.30.00 hours Singapore time (0830 GMT).

Please send any feedback or questions to asia_products@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 to the public upon request.