ICE Announces 40 New OTC Cleared Energy Contracts
By Intercontinentalexchange, PRNEMonday, November 9, 2009
ATLANTA, November 10 - IntercontinentalExchange, Inc. (NYSE: ICE), a leading operator of global
regulated futures exchanges, clearing houses and over-the-counter (OTC)
markets, announced today the introduction of 40 new OTC cleared energy
contracts for North American natural gas, power, natural gas liquids and
global oil products.
(https://www.theice.com/publicdocs/clear_europe/circulars/C09096.pdf) These
cleared OTC swaps and options will be available for the trade date of Monday,
December 7, 2009. The new cleared oil contracts include a differential
calendar swap contract and a differential trade-month swap contract based on
the Argus Sour Crude Index (ASCI). The two ASCI swap contracts
(https://www.theice.com/publicdocs/clear_europe/circulars/C09095.pdf) will be
available Friday, November 13.
(Logo: www.newscom.com/cgi-bin/prnh/20090727/CL51999LOGO )
With the products announced today, ICE offers a total of 280 cleared OTC
energy contracts, including nearly 190 new OTC contracts since the launch of
ICE Clear Europe in November 2008.
The new cleared OTC contracts available beginning December 7 are:
Natural Gas -- Platts IF Columbia Gulf Mainline Basis Swap (CGB) -- Platts IF EP-Permian Index Swap (PEI) -- Platts GDD EP-Permian Swing Swap (PES) -- Platts IF NGPL-Texok Index Swap (NTI) -- Platts GDD NGPL-Texok Swing Swap (NTS) -- Platts IF NWP-Rockies Index Swap (RSI) -- Platts IF NWP-Sumas Index Swap (NIS) -- Platts IF Waha Index Swap (WAI) -- Platts GDD Waha Swing Swap (WAS) Power -- PEPCO Zone DA LMP, Peak Daily (PPE) -- PEPCO Zone DA LMP, Peak Month (PPF) -- PEPCO Zone DA LMP, Off-Peak Daily (PPG) -- PEPCO Zone DA LMP, Off-Peak Month (PPH) -- Mid C RT Mini Peak Monthly (MDF) -- Mid C RT Mini Peak Option (MDF) Natural Gas Liquids -- Natural Gasoline, Conway, FP for OPIS (NGC) -- Propane, Mt Belvieu - ENT (non-TET) FP for OPIS BALMO Swap (PRO) -- Propane, Mt Belvieu - LDH (TET) FP for OPIS BALMO Swap (PRM) -- N-BUTISO, Mt Belvieu - ENT FP for OPIS BALMO Swap (NBJ) Global Oil and Refined Products -- Argus Sour Crude Index (ASCI) Diff Calendar Swap (TAB)* -- Argus Sour Crude Index (ASCI) Diff Trade-Month Swap (TOB)* -- WTI Crude Oil 1-Month Calendar Spread Option (TIA) -- WTI Crude Oil 12-Month Calendar Spread Option (TIZ) -- Brent Crude Oil 1-Month Calendar Spread Option (BRM) -- Brent Crude Oil 12-Month Calendar Spread Option (BRZ) -- Gasoil 1-Month Calendar Spread Option (GOA) -- Platts Jet Fuel Cargoes CIF NWE vs ICE Gasoil BALMO Swap (JES) -- Platts 3.5% Fuel Oil FOB MED Swap (FOM) -- Platts 3.5% Fuel Oil FOB MED BALMO Swap (FON) -- Platts 1% FOB Barges RDAM BALMO Swap (FOC) -- Argus Eurobob Oxy FOB Rotterdam Barges Swap (AEO) -- Argus Eurobob Oxy FOB Rotterdam Barges BALMO Swap (AEP) -- Argus Eurobob Oxy FOB Rdam vs Brent 1st Line BALMO Swap (Crack Spread) (AES) -- Platts Fuel Oil 1% CIF Med Cargo Swap (CIF) -- Platts Fuel Oil 1% CIF Med Cargo BALMO Swap (CIG) -- Platts Fuel Oil 1% NYH versus 1% FOB NWE Cargo Swap (FOH) -- Brent 1st Line BALMO Swap (BSQ) -- ICE Gasoil 1st Line BALMO Swap (GSQ) -- Argus Biodiesel RME FOB RDAM Swap (ABI) -- Argus FAME 0 Biodiesel FOB Rotterdam Swap (FAM) * The two ASCI swap contracts will be available Friday, November 13.
As the first new major clearing house in London in over a century, ICE
Clear Europe is enabling the efficient development of new products to support
the risk management needs of member firms and customers in ICE's global
energy futures and OTC markets. In 2002, ICE pioneered the concept of cleared
OTC energy contracts, which provide participants with access to centralized
clearing and settlement arrangements while reducing bilateral credit risk and
capital required for each OTC trade.
Contract specifications and a full list of ICE's cleared OTC contracts
can be found at www.theice.com/markets_otc.jhtml.
Editor's Note
"Argus", "Argus Sour Crude Index" and "ASCI" are trade marks of Argus
Media Limited and are used under license. All intellectual property rights in
the Argus indices referred to herein belong to Argus Media. Argus Media
accepts no liability to third parties arising from or in connection with any
use of the Argus indices.
About IntercontinentalExchange
IntercontinentalExchange(R) (NYSE: ICE) operates leading regulated
exchanges, trading platforms and clearing houses serving the global markets
for agricultural, credit, currency, emissions, energy and equity index
markets. ICE Futures Europe(R) hosts trade in half of the world's crude and
refined oil futures. ICE Futures U.S.(R) and ICE Futures Canada(R) list
agricultural, currency and Russell Index markets. ICE(R) offers trade
execution and processing for the credit derivatives markets through
Creditex(R) and ICE Link(TM), respectively, and CDS clearing through ICE
Trust(TM). A component of the Russell 1000(R) and S&P 500 indexes, ICE serves
customers in more than 50 countries and is headquartered in Atlanta, with
offices in New York, London, Chicago, Winnipeg, Calgary, Houston and
Singapore. www.theice.com
The following are trademarks of IntercontinentalExchange, Inc. and/or its
affiliated companies: IntercontinentalExchange, IntercontinentalExchange &
Design, ICE, ICE and block design, ICE Futures Canada, ICE Futures Europe,
ICE Futures U.S., ICE Trust, ICE Clear Europe, ICE Clear U.S., ICE Clear
Canada, The Clearing Corporation, U.S. Dollar Index, ICE Link and Creditex.
All other trademarks are the property of their respective owners. For more
information regarding registered trademarks owned by
IntercontinentalExchange, Inc. and/or its affiliated companies, see
https://www.theice.com/terms.jhtml
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 - Statements in this press release regarding
IntercontinentalExchange's business that are not historical facts are
"forward-looking statements" that involve risks and uncertainties. For a
discussion of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking statements, see
ICE's Securities and Exchange Commission (SEC) filings, including, but not
limited to, the risk factors in ICE's Annual Report on Form 10-K for the year
ended December 31, 2008, as filed with the SEC on February 11, 2009.
Investor Contacts:, Kelly Loeffler, VP, Investor Relations & Corp. Communications, IntercontinentalExchange, +1-770-857-4726, kelly.loeffler at theice.com, or Sarah Stashak, Director, Investor & Public Relations, IntercontinentalExchange, +1-770-857-0340, sarah.stashak at theice.com
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