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20 Oct 2017 | 04:47 UTC — London
Unipec UK Company Ltd has advised Platts it would like to participate in the Platts EMEA: Med Market on Close assessment process for Crude Oil Physical.
Platts has reviewed Unipec UK Company Ltd and will consider information from Unipec UK Company Ltd in EMEA: Med assessment process for the Crude Oil Physical MOC Segment subject at all times to adherence to Platts editorial standards.
Platts will publish all relevant information from Unipec UK Company Ltd accordingly.
During the MOC process, Unipec UK Company Ltd will appear on the eWindow communication tool with its credit filters set to bilateral and therefore closed to all counterparties set to cleared basis only.
But the company will be able to transact on a cleared basis directly with authorized counterparties. Counterparties may communicate to Platts editors any intention to execute trade with Unipec UK Company Ltd.
Any trade will need to be confirmed by both parties and concluded according to their prevailing credit relations and permissions.
Platts welcomes all feedback. Platts considers bids, offers and transactions by all credible and credit-worthy parties in its assessment processes. For comments and feedback, please contact Platts editors at PriceGroup@spglobal.com and moc_review@spglobal.com.