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--**Contracts to Launch May 18**
ATLANTA, April 27, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- IntercontinentalExchange, Inc.(R) (NYSE: ICE), a leading operator of global regulated futures exchanges and over-the-counter (OTC) markets, announced today the introduction of 20 new cleared OTC oil contracts. These OTC swaps and options will be available for clearing beginning on Monday, May 18, 2009, and complement ICE's already robust futures markets for global oil products.
With the products announced today, ICE will offer nearly 200 cleared OTC energy contracts, including 100 new OTC contracts since the launch of ICE Clear Europe(R) in November 2008.
The new OTC contracts available for clearing on May 18 are:
-- Brent Bullet Swap (BNB)
-- EU-Style Brent Cash Settled Option (BUL)
-- Brent Average Price Option (I)
-- WTI Bullet Swap (WTB)
-- EU-Style WTI Cash Settled Option (WUL)
-- WTI Average Price Option (R)
-- Gasoil Bullet Swap (GOB)
-- EU-Style Gasoil Cash Settled Option (GUL)
-- Gasoil Average Price Option (GSP)
-- Brent First Line vs. Platts Dubai First Line Swap (BOD)
-- Platts Brent CFD vs. First Month (CFO)
-- Platts Brent CFD vs. Third Month (CFT)
-- Platts Monthly Brent CFD vs. Second Month (CFM)
-- Platts Jet Kerosene Barges FOB RDAM vs. Gasoil First Line Swap (JRG)
-- Platts Jet Kerosene Barges FOB RDAM vs. Jet Kerosene Cargoes CIF NWE
Swap (JRJ)
-- Platts 0.1% Gasoil Cargoes CIF MED vs. Gasoil First Line Swap (GMG)
-- Platts 0.1% Gasoil Barges FOB RDAM vs. Brent First Line Swap (GRB)
-- Platts 0.1% Gasoil Cargoes CIF NWE vs. Brent First Line Swap (GEB)
-- Platts ULSD 10ppm Cargoes CIF MED vs. Gasoil First Line Swap (DMG)
-- Platts 1% Fuel Oil Cargoes FOB NWE vs. Brent First Line Swap (FVB)
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.
About IntercontinentalExchange
IntercontinentalExchange(R) (NYSE: ICE) operates leading regulated exchanges, trading platforms and clearing houses serving the global markets for agricultural, credit, currency, emissions, energy and equity index markets. ICE Futures Europe(R) trades half of the world's crude and refined oil futures. ICE Futures U.S.(R) and ICE Futures Canada(R) list agricultural, currency and Russell Index markets. ICE offers trade execution and processing for the credit derivatives markets through Creditex and clearing through ICE Trust(TM). A component of the Russell 1000(R) and S&P 500 indexes, ICE(R) serves customers in more than 50 countries and is headquartered in Atlanta, with offices in New York, London, Chicago, Winnipeg, Calgary, Houston and Singapore. www.theice.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding IntercontinentalExchange's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2008, as filed with the SEC on February 11, 2009.
SOURCE IntercontinentalExchange, Inc.
http://www.theice.com
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