SUBSCRIBER NOTE: Platts clarifies document presentation period reflected in IODEX MOC

S&P Global Platts wishes to clarify the document presentation period it reflects in bids, offers and trades reported via its IODEX Platts Market on Close assessment process.

Platts has gathered feedback from many market participants, who suggested that a document presentation period of up to 35 days after completion of loading would not have the potential to affect the value of the cargo.

Therefore, Platts will reflect, with immediate effect, bids, offers and trades reported in the IODEX MOC assessment process whose document presentation period is no longer than 35 days after the shipment date.

Platts continues to monitor standard market practices in iron ore and will react if this changes.

Please send any comments, questions or feedback to IODEX@spglobal.com and copy pricemethodology@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.