IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the introduction of 29 new cleared OTC contracts. The new contracts include oil and refined petroleum product swaps, North American power swaps and natural gas liquids (NGLs) swaps. ICE is also introducing its first uranium swap, the previously announced Japan/Korea Marker (JKM) liquefied natural gas (LNG) swap and a Baltic Exchange wet freight swap.
All of the new cleared swaps will be available for the trade date of Tuesday, August 28, 2012, subject to regulatory non-objection. The new contracts are:
Global Oil and Refined Petroleum Products
Mini 3.5% FOB RDAM Barges Fuel Oil Swap (100MT) (Platts) (BAM)1
Jet CIF NWE Cargoes vs Brent 1st Line Swap (Platts) (JNB) 1
3.5% FOB RDAM Barges vs Brent 1st Line Swap (Bbls) (Platts) (BOA) 1
1% FOB NWE Cargoes Fuel vs Brent 1st Line Swap (Bbls) (Platts) (FVA) 1
ULSD 10ppm CIF NWE Cargoes vs Brent 1st Line Swap (Platts) (UBN) 1
Singapore Mogas 97 Unleaded vs Singapore Mogas 95 Unleaded Swap (Platts) (SMB)2
Singapore Mogas 97 Unleaded vs Singapore Mogas 92 Unleaded Swap (Platts) (SMC) 2
Singapore Mogas 95 Unleaded vs Singapore Mogas 92 Unleaded Swap (Platts) (SMD) 2
WCS TMX 1b Index Balmo Swap (VYH-VZL)
SYN TMX 1b Index Swap (SYN)
North American Power
AD Hub RT Peak Monthly Options (MSO)
AD Hub RT Off-Peak Monthly Options (AOD)
AD Hub RT Peak Cal 1x Fixed Price Swap (ARY)
AD Hub RT Peak Cal 1x Option (ARY)
AD Hub RT Off-Peak Cal 1x Fixed Price Swap (ARZ)
AD Hub RT Off-Peak Cal 1x Option (ARZ)
ERCOT North 345kV DA Peak Monthly (EVN)
ERCOT North 345kV DA Off-Peak Monthly (NEV)
Natural Gas Liquids
Propane, Mt Belvieu – LST FP for OPIS Swap Mini (PLM) 3
IsoButane, Mt Belvieu – ENT FP for OPIS Balmo Swap (LVC-LWG) 3
Isobutane, MT.B-LST, FP for OPIS Balmo Swap (ZHF-ZIJ) 3
Isobutane, Conway, FP for OPIS Balmo Swap (LWH-LXL) 3
E-P Cont, Mt Belvieu – FP for OPIS Balmo Swap (LNZ-LPD) 3
E-P Cont, Conway – FP for OPIS Balmo Swap (LPE-LQI) 3
Natgaso — Mt. Belvieu — LST, FP for OPIS Balmo Swap (LSS-LTW) 3
Propane, Far East vs Propane, CIF ARA Balmo Swap (VRD-VSH) 4
Uranium
ICAP Uranium 3O8 Swap (UOX)
Liquefied Natural Gas
Japan Korea Marker LNG Swap (Platts) (JKM)5
Wet Freight
TC14 (Baltic) Freight Route Swap (WCN)
1. These contracts reference Platts European Marketscan.
2. These contracts reference Platts Asia-Pacific/Arab Gulf Marketscan.
3. These contracts reference OPIS North America LPG Report.
4. This contract references Argus International LPG report.
5. This contract references Platts LNG Daily.
With the products announced today, ICE will offer over 760 cleared OTC energy contracts, including more than 670 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008.
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.