IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 48 new cleared OTC energy contracts for North American power, North American natural gas and global refined petroleum products.
All of the new contracts will be available for the trade date of Monday, June 13, 2011. With the products announced today, ICE will offer more than 515 cleared OTC energy contracts, including more than 420 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008.
The new contracts are:
North American Power
• PJM Duquesne Zone Day Ahead LMP, Peak Monthly (PQB)
• PJM Duquesne Zone Day Ahead LMP, Off-Peak Monthly (PQD)
• PJM METED Zone Day Ahead LMP, Peak Monthly (PMB)
• PJM METED Zone Day Ahead LMP, Off-Peak Monthly (PMD)
• ERCOT Houston Load Zone Day Ahead, Peak, Monthly (HZB)
• ERCOT Houston Load Zone Day Ahead, Off-Peak Monthly (HZD)
• ERCOT North Load Zone Day Ahead, Peak Monthly (NZB)
• ERCOT North Load Zone Day Ahead, Off-Peak Monthly (NZD)
• ERCOT South Load Zone Day Ahead, Peak Monthly (SZB)
• ERCOT South Load Zone Day Ahead, Off-Peak Monthly (SZD)
• ERCOT West Load Zone Day Ahead, Peak Monthly (WZB)
• ERCOT West Load Zone Day Ahead, Off-Peak Monthly (WZD)
• ERCOT Houston 345KV Hub Day Ahead, Peak Daily (HEA)
• ERCOT Houston 345KV Hub Day Ahead, Off-Peak Daily (HEC)
• ERCOT Houston Load Zone Day Ahead, Peak Daily (HZA)
• ERCOT Houston Load Zone Day Ahead, Off-Peak Daily (HZC)
• ERCOT North 345KV Hub Day Ahead, Peak Daily (NDA)
• ERCOT North 345KV Hub Day Ahead, Off-Peak Daily (NDC)
• ERCOT North Load Zone Day Ahead, Peak Daily (NZA)
• ERCOT North Load Zone Day Ahead, Off-Peak Daily (NZC)
• ERCOT South 345KV Hub Day Ahead, Peak Daily (SEA)
• ERCOT South 345KV Hub Day Ahead, Off-Peak Daily (SEC)
• ERCOT South Load Zone Day Ahead, Peak Daily (SZA)
• ERCOT South Load Zone Day Ahead, Off-Peak Daily (SZC)
• ERCOT West 345KV Hub Day Ahead, Peak Daily (WEA)
• ERCOT West 345KV Hub Day Ahead, Off-Peak Daily (WEC)
• ERCOT West Load Zone Day Ahead, Peak Daily (WZA)
• ERCOT West Load Zone Day Ahead, Off-Peak Daily (WZC)
North American Natural Gas
• Natural Gas Index Swap: NGPL STX (NXI)
• Natural Gas Swing Swap: NGPL STX (NXS)
• Natural Gas Index Swap: ANR OK (AOI)
• Natural Gas Swing Swap: ANR OK (AOS)
• Natural Gas Index Swap: ANR LA (API)
• Natural Gas Swing Swap: ANR LA (APS)
• Natural Gas Index Swap: Michcon (NMI)
• Natural Gas Swing Swap: Michcon (NMS)
• Natural Gas Index Swap:ONEOK (ONI)
• Natural Gas Swing Swap: ONEOK (ONS)
All swing swaps reference Platts Gas Daily. All index swaps reference Platts Inside FERC’s Gas Market Report and Platts Gas Daily.
Global Oil and Refined Petroleum Products
• Diesel Diff – ULSD 10ppm CIF Med Cargoes vs Gasoil 1st Line Balmo Swap (DMH)
• Diesel Diff – Diesel 10ppm FOB RDAM Barges vs Gasoil 50ppm FOB RDAM Barges Swap (DFI)
• Fuel Oil Outright – 1% CIF NWE Cargoes Swap (CID)
• Fuel Oil Diff – 1% CIF MED Cargoes vs 1% FOB NWE Cargoes Swap (CIB)
• Fuel Oil Diff – 1% CIF NWE Cargoes vs 1% FOB NWE Cargoes Swap (CIH)
• Fuel Oil Diff – 1% FOB RDAM Barges vs 1% CIF NWE Cargoes Swap (FBE)
The products above reference Platts European Marketscan
• Gasoil Diff – Singapore 10ppm Gasoil vs Singapore 0.5% Gasoil Swap (GSU)
• Naphtha Outright – Singapore Naphtha Balmo Swap (NPU)
The products above reference Platts Asia-Pacific/Arab Gulf Marketscan.
• Fuel Oil Diff – 1% NYH Cargoes vs 1% FOB NWE Cargoes Balmo Swap (FOI)
• Fuel Oil Diff – 1% NYH Cargoes vs 3% USGC Balmo Swap (FOE)
The products above reference Platts US Marketscan.
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.
