Contracts to Launch September 28
IntercontinentalExchange, Inc.(R) (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced today the introduction of 43 new OTC cleared energy contracts for North American electricity, natural gas, natural gas liquids and oil. ICE plans to make these OTC swaps and options available for clearing beginning Monday, September 28, 2009.
With the products announced today, ICE offers 240 cleared OTC energy contracts, including nearly 150 new OTC contracts since the launch of ICE Clear Europe(R) in November 2008.
The new OTC contracts available for clearing on September 28 are:
Electricity
— CAISO PV DA LMP, Peak Daily (CPC)
— ERCOT Houston Zone MCPE Off-Peak Monthly (HEB)
— ERCOT North Zone MCPE Off-Peak Monthly (NEB)
— ERCOT South Zone MCPE Off-Peak Monthly (SEB)
— ERCOT West Zone MCPE Off-Peak Monthly (WEB)
— ERCOT Houston Zone MCPE Off-Peak Daily (HED)
— ERCOT North Zone MCPE Off-Peak Daily (NED)
— ERCOT South Zone MCPE Off-Peak Daily (SED)
— ERCOT West Zone MCPE Off-Peak Daily (WED)
— MISO Cinergy Hub DA LMP Peak Monthly (MCC)
— MISO Cinergy Hub DA LMP Off-Peak Monthly (MCD)
— PJM Western Hub DA LMP Peak Monthly (PJC)
— PJM Western Hub DA LMP Off-Peak Monthly (PJD)
— PJM PSEG Zone DA LMP Peak Monthly (PSA)
— PJM PSEG Zone DA LMP Peak Daily (PSC)
— PJM PSEG Zone DA LMP Off-Peak Monthly (PSB)
— PJM PSEG Zone DA LMP, Off-Peak Daily (PSD)
Natural Gas
— Platts IF Florida Gas Z3 Basis Swap (FTZ)
— Platts IF Sonat Basis Swap (SON)
— Platts IF Tennessee 500L Basis Swap (TFL)
— Platts IF NGPL South Texas Basis Swap (NSX)
— Platts IF ANR SE Basis Swap (CGM)
— Platts IF Texas Gas Zone SL Basis Swap (ZSL)
— Platts IF TETCO M3 Index Swap (MTI)
— Platts GDD TETCO M3 Swing Swap (TSS)
— Platts IF Transco Z6 Index Swap (NSI)
— Platts GDD NWP Sumas Swing Swap (NSS)
Natural Gas Liquids
— Propane, Mt. Belvieu – ENT (non-TET) FP for OPIS (PRN)
— Argus Propane CIF ARA Large Cargo Swap (APC)
Oil
— Platts Naphtha CIF NWE Cargo Swap (NEC)
— Platts Naphtha CIF NWE Cargoes vs. Brent 1st Line Swap (NOB)
— Platts Naphtha C+F Japan Cargo Swap (NJC)
— Platts Naphtha C+F Japan Cargo vs. Naphtha CIF NWE Cargo Swap (JOE)
— RBOB Gasoline 1st Line vs. Argus EuroBOB OXY FOB Rotterdam Barge Swap
(ROE)
— Argus EuroBOB OXY FOB Rotterdam Barge vs. Brent 1st Line Swap (EOB)
— Platts 3% Fuel Oil USGC vs. 3.5% Fuel Oil FOB Rotterdam Barges Swap
(GOE)
— Platts 3% Fuel Oil USGC Swap (RBO)
— Platts Urals MED vs. Dated Brent CFD (UCF)
— Platts 3.5% Fuel Oil Barges FOB Rotterdam Balmo Swap (BAS)
— Platts 1% Fuel Oil Cargoes FOB NWE Balmo Swap (CAS)
— Platts 180 CST Singapore Fuel Oil vs. 3.5% Fuel Oil Barges Rotterdam
Balmo Swap (SFT)
— Platts Dubai 1st Line Balmo Swap (DBJ)
— Platts 180 CST Singapore Fuel Oil vs. 380 CST Singapore Fuel Oil Balmo
Swap (STT)
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.