Platts guidelines for US fuel oil swaps eWindow

On Friday, December 3, Platts will launch eWindow technology to facilitate its US fuel oil swaps assessment process.

To participate in this process, all bids and offers are to be submitted no later than 3:00:00 pm Eastern Time. Bids and offers will not be accepted from 3:00:01 pm Eastern Time precisely.

The price of submitted bids or offers may be changed by market participants up to the automatic expiration of the Platts MOC process at 3:15:01 pm Eastern Time.

The minimum amount of time permitted between incremental price changes is 15 seconds. The maximum price move permitted at each change is 5 cents per barrel.

All other guidelines will follow those explicitly stated for eWindow at the following link: http://www.platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpec s/crudeoilandproductsspecs.pdf or http://bit.ly/crudeoilprods.

If any party expresses its repeat interest to buy/sell within 10 seconds of the close at 3:15:01 via eWindow, an automatic one-minute time extension period will be triggered in order to adequately test repeatability.

Only the bid or offer that shows repeat buying/selling interest will be valid during that extension period.

In eWindow, trades are facilitated via bilateral counterparty filters, and the management of these filters is open for all companies, including those that are not participating in the process directly through eWindow.

If you are submitting your information through an editor and have not already notified Platts of any counterparty credit restrictions, please provide notification within a reasonable time frame prior to the start of the MOC process if any bilateral counter party filters need to be enabled or modified.

For questions or comments, please contact americas_products@platts.com, with a cc to pricegroup@platts.com.