SUBSCRIBER NOTE: Platts removes pricing freeze in Brent CFD MOC

S&P Global Platts has removed the two-minute pricing freeze in the Brent Contract for Difference (CFD) Market on Close assessment process effective August 1, 2018.

This change applies to Brent CFD price indications and Brent CFD spreads.

This follows on from a decision announced May 11 and available here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/051118-pl atts-to-remove-pricing-freeze-in-brent-cfd-moc-oil.

This change was originally proposed on March 23 in a note available here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/032318-pl atts-proposes-to-remove-pricing-freeze-in-brent-cfd-moc.

Market participants can now change their bids and offers up to the 16:30 London close. Platts reserves the right to determine whether any indication outstanding at this period has adequately tested a new market value for use in the MOC assessment process.

Previously, any company bidding and offering a Brent CFD was unable to change the price of their indication after 16:28 London time, creating a two-minute pricing freeze ahead of the 16:30 London close.

Please send any further comments and feedback 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.