IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 33 new cleared OTC contracts for global refined petroleum products and North American power.
All of the new contracts will be available for the trade date of Monday, December 5, 2011, subject to Energy Risk Committee approval and regulatory non-objection. As previously announced, ICE Brent NX (New Expiry) Crude Futures and Options contracts also will be introduced December 5. With the products announced today, ICE will offer over 635 cleared OTC energy contracts, including more than 545 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008.
The new contracts are:
Global Oil and Refined Petroleum Products
Crude Outright – Brent NX 1st Line Swap (BNL)
Crude Outright – Brent NX Average Price Option (BNL)
Crude Outright – Brent NX Bullet Swap (NNB)
Crude Outright – European-Style Brent NX Option (NUL)
Crude Diff – Brent NX 1st Line vs Dubai Crude Oil 1st Line Swap (NXD)(1)
Crude Diff – Dated Brent vs Brent NX 1st Line Swap (NXB)(1)
Crude Diff – Argus LLS vs Brent NX 1st Line Swap (NXJ)(2)
Crude Diff – Argus Mars vs Brent NX 1st Line Swap (NXK)(2)
Crude Diff – WTI vs Brent NX Spread Option (NXT)
Crude Diff – WTI 1st Line Swap vs Brent NX 1st Line Swap (NOE)
Brent NX 1 Month CSO (NXX)
Brent NX 12 Month CSO (NXW)
Fuel Oil Crack – 1% NYH Fuel Oil Cargoes vs Brent NX 1st Line Swap (NXP)(3)
Fuel Oil Crack – 180 cst Singapore Fuel Oil vs Brent NX 1st Line Swap (NXZ)(4)
Fuel Oil Crack – 3% USGC Residual vs Brent NX 1st Line Swap (NXO)(3)
Fuel Oil Crack – 3.5% FOB Rotterdam Barges vs Brent NX 1st Line Swap (NXF)(5)
Fuel Oil Crack – 380 cst Singapore Fuel Oil vs Brent NX 1st Line Swap (NXY)(4)
Fuel Oil Crack – Fuel Oil 1% FOB NWE Cargoes vs Brent NX 1st Line Swap (NXC)(5)
Gasoil Crack – 0.1% Gasoil CIF NWE Cargoes vs Brent NX 1st Line Swap (NXQ)(5)
Gasoil Crack – 0.1% Gasoil FOB Rotterdam Barges vs Brent NX 1st Line Swap (NXE)(5)
Gasoil Crack – Gasoil 1st Line vs Brent NX 1st Line Swap (in Bbls) (NXG)
Gasoil Crack – Gasoil 1st Line vs Brent NX 1st Line Swap (in MTs) (NXM)
Gasoil Crack – Gasoil 50 ppm FOB Rotterdam Barges vs Brent NX 1st Line Swap (NXV)(5)
Gasoil Crack – Low Sulphur Gasoil 1st Line vs Brent NX 1st Line Swap (in Bbls) (NXL)
Gasoil Crack – Low Sulphur Gasoil 1st Line vs Brent NX 1st Line Swap (in MTs) (NXU)
Gasoline Crack – Argus Euro BOB OXY FOB Rotterdam Barges vs Brent NX 1st Line Swap (NXA)(6)
Gasoline Crack – RBOB Gasoline 1st Line vs Brent NX 1st Line Swap (NXR)
Heating Oil Crack – NYH Heating Oil 1st Line vs Brent NX 1st Line Swap (NXH)
Naphtha Crack – Naphtha CIF NWE Cargoes vs Brent NX 1st Line Swap (NXN)(5)
(1) These contracts reference Platts Crude Oil Marketwire
(2) These contracts reference Argus European Products.
(3) These contracts reference Platts US Marketscan.
(4) These contracts reference Platts Asia-Pacific/Arab Gulf Marketscan.
(5) These contracts reference Platts European Marketscan.
(6) These contracts reference Argus Crude.
North American PowerPJM WH Real Time Peak Daily Swap (PDQ)
PJM WH Real Time Daily Option (PDQ)
PJM WH Real Time Same Day Swap (PDS)
PJM WH Real Time Same Day Option (PDS)
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.
