Where possible ICIS will publish on its website advanced notice of a consultation on its methodologies.
All new methodologies will be given an expiry date. This date will be set at the time of the creation of the methodology and will act as a backstop date by which ICIS will conduct its next review of the methodology.
This will ensure ICIS will consult on its methodologies regularly and give market participants an indication of when the methodology will be reviewed next. When conducting a general review of its methodologies, ICIS will ask broad general questions to ascertain how well the methodology is performing in fulfilling its overall purpose, which is to provide a reliable measure of physical market value.
To find out more and download the ICIS Methodology Consultation Process
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