Subscriber note: Platts to introduce European T2 ethanol swap assessments

Platts will assess the price of financially settled T2 European fuel grade ethanol swaps, basis FOB Rotterdam. The European ethanol swap trades in lots of 100 cubic meters and settles on the arithmetic average of the mid-point of the high and low quotations for physical T2 undenatured ethanol assessments published by Platts during the determined contract month. Swap assessments will be denoted in euros per metric ton. Platts proposes to assess swaps for the next six calendar months from the date of publication. The assessments would roll forward on the first business day of each month and will reflect the close of European markets time stamped at 1630 London time subject to the typical guidelines of the Platts Market On Close assessment process. Assessments will be published in Platts Biofuelscan and on Platts Biofuels Alert pages to be determined. Launch date is scheduled for January 2, 2013. For comments or questions, please write to guilherme_kfouri@platts.com with cc to pricegroup@platts.com.