European MOC eWindow guidelines aligned

Effective January 4, 2011, Platts has aligned several eWindow guidelines for physical European refined product and petrochemical MOC processes.

The products affected are gasoline physical barges, MTBE physical barges, naphtha physical cargoes, high and low sulphur physical fuel oil barges.

These time changes do not affect non-eWindow assessment processes.

Details follow:

Last time to register price indications: 16:05 London time.

Incrementability: Maximum $1/mt a minimum of every 20 seconds.

Repeatability: Maximum of 30 seconds to repeat a bid or offer following a trade.

Final state: None. Bids and offers can be changed in price up to the close of the assessment process.

Extension: 60-second extension triggered by a change in the bid/offer price or in the event a repeat bid or offer is made in the last 20 seconds.

Furthermore, and also effective January 4, 2011 Platts has aligned the eWindow guidelines across derivative European refined product MOC processes as follows:

Last time to register price indications: 16:15 London time for outright indications, 16.20 for spread indications.

Incrementability: Maximum $1/mt a minimum of every 20 seconds.

Repeatability: Maximum of 30 seconds to repeat a bid or offer following a trade.

Final state: None. Bids and offers can be changed in price up to the close of the assessment process.

Extension: 60-second extension triggered by a change in the bid/offer price or in the event a repeat bid or offer is made in the last 20 seconds.

Comments please to petchems@platts.com, europe_products@platts.com with a CC to pricegroup@platts.com.