SUBSCRIBER NOTE: S&P Global Platts will give full weighting to verified transitions for TSI PHCC index

S&P Global Platts will increase the weightage in its index calculation of trade observations (transactions concluded by non-data providers) verified by both counterparties involved to 100% of the total transaction volume, regardless of whether the counterparties are TSI data providers. This is up from 10% currently.

The change to The Steel Index Premium Hard Coking Coal Australia Export FOB Index will be implemented from January 2, 2019.

In cases when either only one or zero counterparties can verify transactions concluded by non-data providers, TSI will maintain the current attribution of 10% to the total transaction volume during the index calculation process.

Please submit any feedback, comments or questions about this proposal to kevin.seo@spglobal.com, copying in TSImetcoal@spglobal.com, and pricegroup@spglobal.com

For written comments, please provide a clear indication if comments are not intended for publication by S&P Global Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.