SUBSCRIBER NOTE: Platts proposes to modify Europe gasoil frontline calculation

Platts proposes to modify the calculation used for its European gasoil frontline outright derivative assessments from September 1, 2014. The new calculation would use the Platts assessments at 16:30 London time of ICE gasoil intermonth spreads, instead of the ICE settlement values. Frontline swaps are calculated using mean adjusted values for the number of trading days that each futures contract spends as the front month. This is done by calculating the exact number of trading days within each month, which will vary according to the calendar month. Platts welcomes feedback and questions to europe_products@platts.com, with a cc to pricegroup@platts.com. The consultation period will run until July 25, 2014. For written comments, please provide a clear indication if the 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.