CW Research will publish business intelligence derived index values for the grades assessed. In case the specifications of actual trades differ from the index, we will seek a market consensus as to how to adjust the traded value to properly form the index specification. We will contact and accept market data from all credible market sources, including producers, consumers, intermediaries and other market participants.
We will consistently seek to increase the number of market participants willing to provide data. The number of entities providing market data can vary significantly from day to day based on market conditions. These data include transactions, bids, offers, volumes, counterparties, specifications and any other information that contributes materially to the determination of price. Specific to transactions, bids, and offers, we will seek to verify the price, the volume, the specifications, and location basis. We will also verify the market data by cross checking the data with actual trade quantities and values.