IntercontinentalExchange, Inc. (NYSE: ICE), a leading operator of global regulated futures exchanges and over-the-counter (OTC) markets, announced today the introduction of 44 new OTC contracts for North American electricity, natural gas and natural gas liquids, subject to approval by the Risk Committee of ICE Clear Europe(R). These OTC contracts will be available for clearing beginning on March 2, 2009. With the products announced today, ICE will offer 166 cleared OTC energy contracts, including 76 new OTC contracts since the launch of ICE Clear Europe in November 2008.
The new contracts available for OTC clearing on March 2 are:
Electricity:
— AEP Dayton Hub Off Peak (AOD)
— AEP Dayton Hub Off Peak Daily (ADO)
— ERCOT Houston Zone, Peak Daily (EHD)
— ERCOT North Zone, Peak Daily (END)
— ERCOT South Zone, Peak Daily (ESD)
— ERCOT West Zone, Peak Daily (EWD)
— ERCOT West Zone, Peak Monthly (ERW)
— MISO Cinergy Day Ahead LMP Peak Daily (MDA)
— MISO Cinergy Day Ahead LMP Off-Peak Daily (MOD)
— NYISO Zone J Off-Peak Daily (NOJ)
— NYISO Zone J Off-Peak (NJO)
— NYISO Zone G Off-Peak Daily (NOD)
— NYISO Zone G Off-Peak (NGO)
— PJM West Day Ahead LMP Off-Peak Daily (PDO)
— PJM West Day Ahead LMP Peak Daily (PDA)
— PJM Northern Illinois Hub Off-Peak Daily (NDO)
— PJM Northern Illinois Hub Off-Peak (NIO)
Natural Gas:
— NGI for Platts GDD Chicago Index Swap (CIS)
— NGI for Platts GDD Malin Index Swap (MIS)
— NGI for Platts GDD PG&E Citygate Index Swap (EIS)
— NGI for Platts GDD Socal Border Index Swap (SIS)
— NGI for Platts GDD Socal Citygate Index Swap (SCI)
— NGI Socal Citygate Basis Swap (SCB)
— NGX AB-NIT Index Swap (AIS)
— NGX AB-NIT Swing Swap (ASS)
— Platts GDD Chicago Swing Swap (CSS)
— Platts GDD Columbia Gas TCO Swing Swap (CGS)
— Platts GDD Dominion South Swing Swap (DSS)
— Platts GDD Malin Swing Swap (MSS)
— Platts GDD Panhandle Swing Swap (PSS)
— Platts GDD PG&E Citygate Swing Swap (PIG)
— Platts GDD Socal Citygate Swing Swap (SCS)
— Platts GDD Transco Zone 6, N.Y. Swing Swap (ZSS)
— Platts IF ANR, Oklahoma Basis Swap (ANO)
— Platts IF Columbia Gulf, Onshore Basis Swap (CON)
— Platts IF for GDD Columbia Gas TCO Index Swap (TIS)
— Platts IF for GDD Dominion South Index Swap (DIS)
— Platts IF for GDD Panhandle Index Swap (PIS)
— Platts IF Transco Zone 4 Basis Swap (TRZ)
Natural Gas Liquids:
— Propane, Conway – FP for OPIS (PRC)
— Normal Butane – ISOM Grade, Mt. Belvieu – ENT FP for OPIS (NBI)
— Normal Butane – Refinery Grade, Mt. Belvieu – LDH FP for OPIS (NBR)
— Natural Gasoline, Mt. Belvieu – ENT FP for OPIS (NGE)
— IsoButane, Mt. Belvieu – ENT FP for OPIS (ISO)
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 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.
