HELSINKI, February 22, 2022 (PIX Pulp and Paper indices) – Fastmarkets FOEX is inviting feedback from the industry on the pricing methodologies for its PIX Recovered Paper price indices, as part of its annual methodology review process.

This consultation, which is open until March 22, 2022, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

Fastmarkets FOEX proposes the following change to the current index methodology: Transactions with prices fixed in advance for a longer period than three months do not count as eligible transactions and shall not be reported to the index.

Please find the current methodology for the FOEX PIX Recovered Paper price indices here.

Please send responses in writing, preferably in electronic format, to the following address: pricing.foex@fastmarkets.com, with the respective subject heading "PIX Recovered Paper review 2022”.

We treat feedback as confidential. We share responses with the industry at the end of the consultation without attributing them in any way so as to protect the identity of respondents. Please specify whether your response is anonymous, in which case we will not share it in any form.

Fastmarkets will publish the outcome of this methodology review by April 5, 2022, on the Fastmarkets FOEX website under Pricing Notices, including a summary of the feedback. Any proposals to make material changes, discontinue or launch prices will involve a separate market consultation, the length of which will depend on how substantial the change is.