On April 14, 2016, Platts launched D6 Renewable Fuel (ethanol), Renewable Identification Numbers in the eWindow communication tool for its Market on Close assessment process.
From this date, Platts will publish bids, offers and intentions to trade in its MOC process for D6 RINs. Market participants who wish to communicate indications to Platts via Yahoo Messenger, telephone or other communication means are welcome to do so. The cut-off for placing bids or offers each day in eWindow will be 13:45 Central Time.
There is no price freeze on published bids and offers at the close of the MOC process. Bids and offers may be improved by $0.0025/RIN every 30 seconds. Repeat bids and offers should be communicated through eWindow within 30 seconds of a transaction being reported. The minimum trade volume is 500,000 RINs. Headlines automatically generated by eWindow will appear on Platts Biofuels Alert page 1, e.g. “Platts D6 RINS 2015 Mar16, COMPANY A bids $0.7375 for 500″ The Platts D6 RINs eWindow instrument is in accordance with the Platts Global Biofuels Methodology where Platts reflects current year and previous year RIN where the seller has the obligation to transfer the RIN to the buyer during the first full calendar month forward from date of execution.
Data Sources: Platts | Effective Date: April 14, 2016