IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 18 new cleared OTC energy contracts for North American power, natural gas liquids (NGLs), natural gas and global oil and refined petroleum products.
All of the new contracts will be available for the trade date of Monday, August 1, 2011. With the products announced today, ICE will offer more than 530 cleared OTC energy contracts, including more than 435 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008.
The new contracts are:
North American Power
• ISO New England Maine DA LMP Peak Monthly (IEB)
• ISO New England Maine DA LMP Off-Peak Monthly (IED)
• ISO New England New Hampshire DA LMP Peak Monthly (IHB)
• ISO New England New Hampshire DA LMP Off-Peak Monthly (IHD)
• ISO New England West Central Massachusetts DA LMP Peak Monthly (IWB)
• ISO New England West Central Massachusetts DA LMP Off-Peak Monthly (IWD)
Natural Gas Liquids
• Normal Butane D Grade Swap — Conway, FP for OPIS (IBC)
• Ethane Contained in E/P Mix Swap — Mt. B-Enterprise, FP for OPIS (ECB)
• Ethane Contained in E/P Mix Swap — Conway, FP for OPIS (ECC)
• Propane Swap — HATT-INL, FP for OPIS (PRH)
The products above reference OPIS LP Gas Fax.
• Propane Argus Far East Index vs. Propane CIF ARA Large Cargo Swap (EGD)
• Propane CIF ARA vs. Naphtha CIF NWE Differential (APN)
The products above reference the Argus International LPG report.
Global Oil and Refined Petroleum Products
• Jet Fuel Crack — USGC Jet Fuel vs. Brent 1st Line Swap (GUB)
• Jet Fuel Diff — USGC Jet Fuel vs. Heating Oil 1st Line Swap (JHO)
The products above reference Platts US Marketscan. Platts is a leading global energy, metals and petrochemicals information provider.
• Crude Diff — WTI vs. Brent (TIB)
• Crude Diff — WTI vs. Brent Options (TIB)
North American Natural Gas
• Fixed Price for Penultimate Henry Hub, 1-Month CSO Options (HHM)
• Fixed Price for Penultimate Henry Hub, 3-Month CSO Options (HMT)
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.
