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Third Party Indices
Cooper Power Systems recognizes the need for our customers to feel comfortable the basis for price adjustment is relevant and verifiable to a reasonable extent. Cooper Power Systems has selected primarily third-party sources recognized in this industry as providing reliable information when representing the market prices of material used in Cooper Power Systems’ products.
- LME Copper: The source data is at http://www.lme.co.uk/dataprices_monthlyaverages.asp. Index is the average "Copper" price per tonne for a "Cash buyer."
- LME Aluminum: The source data is at http://www.lme.co.uk/dataprices_monthlyaverages.asp. Index is the average "Aluminum" price per tonne for a "Cash buyer."
- Dielectric Fluid:
- The source data for mineral oil valuation changed in January 2010. The former source ceased publication. Cooper Power Systems Supply Chain department supplied the following industry formula: (West Texas Intermediate Crude (WTI), BBL Price / 42 gallons) + $1.17 = Mineral Oil index value. The WTI value is the posted monthly value from the Energy Information Administration; http://tonto.eia.doe.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=rwtc&f=M. The percent change value for mineral oil has been restated using this new formula.
- The source data for FR3 valuation is the Chicago Board of Trade Soybean Oil index. The monthly chart data can be viewed at http://tfc-charts.w2d.com/chart/SO/M
- AMM Steel: The source data is published by American Metals Market (AMM) on Fridays. The index used within the AMM report is the steel base price for Midwest Hot-Rolled Sheet. The issue dated closest to the end of a month is used to determine the index.
- Core Steel Index: Due to its uniqueness, Cooper Power Systems uses core steel market price indicators supplied by its supply chain department to create the index data
- Energy Index components
CPS may need to revise, or change, sources or frequency of published indexes based on availability.
CPS reserves the right, at its discretion, to make these changes.
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