SUBSCRIBER NOTE: Platts to publish Feb 2017 Cash BFOE value on Dec 30, 2016

S&P Global Platts would like to clarify that the February 2017 Cash BFOE assessment (currently M1) will be published for the last time on December 30, 2016. The first assessment in which March 2017 is M1 Cash BFOE will be published on January 3, the first working day of 2017.

Platts assessments of Cash BFOE are published throughout each month, with the assessments rolling forward at the end of each month. For example, the August 2017 contract will be published as M1 throughout June 2017, and will expire on the last working day of June. On the first working day of July 2017, September 2017 will become M1 Cash BFOE.

Platts Cash BFOE assessments typically coincide with the equivalent month of ICE Brent Futures. However, in December 2016, ICE Brent Futures for February are due to expire on December 29, rather than December 30. This is because trading on this contract is due to cease at 1930 GMT on December 29, ahead of the New Year's Eve holiday, whereas Platts will publish its final assessment of 2016 on December 30 at 1230 GMT as previously scheduled.

However, in line with existing methodology and the previously announced publishing schedule, Platts will continue to publish an assessment for February 2017 Cash BFOE on December 30, 2016. This is to ensure consistency with other publishing months, and to provide as much information as possible on the value of Cash BFOE to subscribers.

Please send all comments to Europe_crude@spglobal.com and pricegroup@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.