ICE Announces Second Set of New OTC Cleared Contracts
(NYSE: ICE), a leading operator of global regulated futures exchanges and
over-the-counter (OTC) markets, announced the introduction of 11 new cleared
energy contracts in its OTC marketplace beginning
previously announced that it would be introducing more than 50 new cleared
products beginning in
tranche of 21 contracts launched on
The second set of new products consists of North American power as well as
European and Asian oil swaps, among others. The contracts available for OTC
clearing on
-- PJM West Real Time Penultimate Mini Peak (PJO)
-- PJM West Real Time Penultimate Mini Peak Options (PJO)
-- Propane, Mt. Belvieu - LDH FP for OPIS (PRL)
-- Ethane, Mt. Belvieu - ENT FP for OPIS (ETE)
-- Platts Dated Brent Crude Swap (PDB)
-- Platts Brent CFD vs First Month Swap (CFD)
-- Platts Dated Brent vs Brent First Line Crude Balmo Swap
-- Platts 180 cst Singapore Fuel Oil Balmo Swap
-- Platts 380 cst Singapore Fuel Oil Balmo Swap
-- Platts Singapore 0.5% Gasoil Balmo Swap
-- Platts Singapore Jet Kerosene Balmo Swap
On
clearing house in
provide clearing services to the global energy markets for OTC and futures
transactions. ICE Clear Europe enables the efficient development of new
cleared markets to support the risk management needs of customers, with the
capability to offer similar services to an expanded range of asset classes.
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. As of
are cleared through ICE Clear Europe.
ICE currently offers more than 120 cleared OTC energy contracts, and today
more than 90% of ICE’s OTC transaction volume is cleared.
About IntercontinentalExchange
IntercontinentalExchange(R) (NYSE: ICE) operates regulated global futures
exchanges and over-the-counter (OTC) markets for agricultural, energy, equity
index and currency contracts, as well as credit derivatives. ICE(R) offers
these markets to participants around the world through its technology
infrastructure and trading platform, together with clearing, market data and
risk management services. ICE Futures Europe(R) is ICE’s regulated energy
futures exchange. ICE’s regulated North American exchanges, ICE Futures
U.S.(R) and ICE Futures Canada(TM), offer markets for agricultural and
financial contracts. Creditex, a market leader in trade execution and
processing for credit derivatives, is also a wholly-owned subsidiary of ICE. A
member of the Russell 1000(R) and S&P 500 indices, ICE is headquartered in
and
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
quarters ended
Platts(R) is a trademark of The McGraw-Hill companies, Inc. and has been
licensed for use by IntercontinentalExchange, Inc. Platts does not sponsor,
endorse, sell or promote the contracts and Platts makes no recommendations
concerning the advisability of investing in the contracts.
OPIS is a trademark of OPIS used under license by
IntercontinentalExchange, Inc.
SOURCE IntercontinentalExchange, Inc.
