ICE Announces May 23 Launch of 49 New Energy Contracts

ATLANTA, May 9, 2011 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 49 new cleared OTC energy contracts for global oil and refined petroleum products, North American natural gas and North American power.

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All of the new contracts will be available for the trade date of Monday, May 23, 2011. With the products announced today, ICE will offer more than 470 cleared OTC energy contracts, including more than 375 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008. 

The new contracts are:

Global Oil and Refined Petroleum Products

• Fuel Oil Crack – 180 cst Sing vs Brent 1st Line Swap (SBS)
• Fuel Oil Crack – 180 cst Sing vs Dubai 1st Line Swap (SES)
• Fuel Oil Diff – 380 cst Sing vs 3.5% Rdam FOB Barges Swap (SJS)
• Fuel Oil Diff – 380 cst Sing vs 3.5% Rdam FOB Barges Balmo Swap (AHF-AIJ)
• Fuel Oil Crack – 380 cst Sing vs Brent 1st Line Swap (SPS)
• Fuel Oil Crack – 380 cst Sing vs Dubai 1st Line Swap (SLS)

The products above reference Platts Asia-Pacific/Arab Gulf Marketscan.

• Crude Outright – Platts East Siberian Pacific Ocean (ESPO) Swap (ESO)
• Crude Diff – Platts East Siberian Pacific Ocean (ESPO) Diff Swap (ESP)

The products above reference Platts Crude Oil Marketwire.

• Gasoil Outright - Gasoil 50ppm FOB Rdam Barges Bullet Swap (GSE)
• Fuel Oil Diff - 3% USGC Swap vs 3.5% FOB Rdam Barges Balmo Swap (GJU-GKY)

The products above reference Platts European Marketscan.

• Fuel Oil Crack - 1% NYH Cargo Swap vs WTI 1st Line Balmo Swap (GIP-GJT)

The product above references Platts U.S. Marketscan.

• Heating Oil Crack - NYH Heating Oil 1st Line vs WTI 1st Line Swap (HBW)
• Gasoline Outright – RBOB Gasoline 1st Line Swap (RBS)
• Gasoline Crack – RBOB Gasoline 1st Line vs WTI 1st Line Swap (RBW)
• Crude Outright – Argus East Siberian Pacific Ocean (ESPO) Swap (ARG)
• Crude Diff – Argus East Siberian Pacific Ocean (ESPO) Diff Swap (ARF)
• Crude Outright – Argus LLS Swap (ARH)
• Crude Diff – Argus LLS vs Brent 1st Line Swap (ARI)
• Crude Diff – Argus LLS vs Dated Brent Swap (ARJ)
• Crude Diff – Argus LLS vs WTI Trade Month Swap (ARL)
• Crude Diff – Argus LLS vs WTI 1st Line Swap (ARK)
• Crude Outright – Argus Mars Swap (ARM)
• Crude Diff – Argus Mars vs Brent 1st Line Swap (ARN)
• Crude Diff – Argus Mars vs WTI 1st Line Swap (ARO)
• Jet Fuel Outright – Gulf Coast Jet Fuel Swap (JCF)

North American Natural Gas

• Natural Gas Basis Swap: Transco Station 30 (Zone 1) (TTB)
• Natural Gas Basis Swap: Transco Station 45 (Zone 2) (TNB)
• Natural Gas Index Swap: Transco Station 45 (Zone 2) (TNI)
• Natural Gas Index Swap: Transco Station 85 (Zone 4) (TRI)
• Natural Gas Swing Swap: Transco Station 85 (Zone 4) (TRS)
• Natural Gas Swing Swap: NNG Ventura (NNS)
• Natural Gas Index Swap: NNG Ventura (NNI)
• Natural Gas Index Swap: Tennessee 500 L (TFI)
• Natural Gas Basis Swap: Tennessee 800 L (TSB)
• Natural Gas Index Swap: Tennessee Zone 0 (TZI)
• Natural Gas Index Swap: Centerpoint (CTI)
• Natural Gas Swing Swap: Centerpoint (CTS)
• Natural Gas Index Swap: CIG Rockies (CRC)
• Natural Gas Swing Swap: CIG Rockies (CRS)
• Natural Gas Index Swap: TETCO STX (SXI)
• Natural Gas Swing Swap: TETCO STX (SXC)

All natural gas basis swaps reference Platts Inside FERC's Gas Market Report. All swing swaps reference Platts Gas Daily. All index swaps reference both Platts publications.

North American Power

• ISO New England NE Massachusetts Day Ahead LMP, Peak Monthly (INB)
• ISO New England NE Massachusetts Day Ahead LMP, Off-Peak Monthly (IND)
• ISO New England SE Massachusetts Day Ahead LMP, Peak Monthly (IMB)
• ISO New England SE Massachusetts Day Ahead LMP, Off-Peak Monthly (IMD)
• NYISO Zone C Day Ahead LBMP, Peak Monthly (ZCB)
• NYISO Zone C Day Ahead LBMP, Off-Peak Monthly (ZCD)
• NYISO Zone F Day Ahead LBMP, Peak Monthly (ZFB)
• NYISO Zone F Day Ahead LBMP, Off-Peak Monthly (ZFD)

ICE Clear Europe enables 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.

About IntercontinentalExchange

IntercontinentalExchange (NYSE: ICE) is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currencies and Russell Index markets. ICE is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries. www.theice.com  

The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE Futures Europe and ICE Clear Europe. 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, 2010, as filed with the SEC on February 9, 2011.

ICE-ENGY

SOURCE IntercontinentalExchange