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 natural gas liquids (NGLs), North American power and oil and refined petroleum products. All of the new contracts will be available for the trade date of Monday, June 18, 2012, subject to regulatory non-objection.
The new contracts are:
Natural Gas Liquids1
• Isobutane, Conway, FP for OPIS Swap (ISC)
• N-BUTISO, Mt Belvieu - ENT FP for OPIS Average Price Option (NBI)
• Natgaso, Mt Belvieu - ENT FP for OPIS Average Price Option (NGE)
• Propane, Conway - FP for OPIS Average Price Option (PRC)
• Natural Gasoline, Conway, FP for OPIS Balmo Swap (LJF-LKJ)
• N-BUT-D Conway, FP for OPIS Balmo Swap (LKK-LLO)
• N-BUTREF, Mt Belvieu - LST FP for OPIS Balmo Swap (LRN-LSR)
• MT.B-ENT Natgaso (OPIS) vs. Crude - WTI 1st line Swap (NGW)
• Isobutane, MT.B-LST, FP for OPIS Swap (ISL)
• Natgaso, Mt Belvieu - LST FP for OPIS (NGL)
North American Power
• NI Hub RT Peak Daily Swap (NOO)
• NI Hub RT Peak Daily Options (Lookback) (NOO)
• Nepool MH DA Peak Monthly Option (NEP)
• Nepool MH DA Off-Peak Monthly Option (NOP)
• Nepool MH DA Off-Peak Cal 1 x Fixed Price Swap (NOC)
• Nepool MH DA Off-Peak Cal 1 x Option (NOC)
• NEPool Cal 1x Fixed Price Swap (NEX)
• NEPool Cal 1x Option (NEX)
Global Oil and Refined Petroleum Products
• Singapore Gasoil 0.05% Swap (SWS)2
• Singapore Gasoil 0.05% Balmo Swap (VXC-VYG)2
• Singapore Gasoil 0.05% vs Gasoil 1st Line Swap (Bbls) (SWV)2
• Singapore Gasoil 0.05% vs Low Sulphur Gasoil 1st Line Swap (Bbls) (SWW)2
• Singapore 10ppm Gasoil vs Singapore Gasoil 0.05% Swap (GSW)2
• Singapore Jet Kero vs Singapore Gasoil 0.05% Swap (SVW)2
• Singapore 0.5% Gasoil vs Low Sulphur Gasoil 1st Line Balmo Swap (in Bbls) (VUS-VVW)2
• Dated Brent vs Dubai 1st Line Swap (PDD)3
• Premium Unleaded Gasoline 10ppm FOB MED Cargoes Balmo Swap (VVX-VXB)4
• Fuel Oil 3.5% CIF MED Cargoes Swap (CIM)4
• Fuel Oil 3.5% CIF MED Cargoes Balmo Swap (BHA-BIE)4
• USGC ULSD vs Brent 1st Line Swap (GUV)5
• USGC ULSD vs WTI 1st Line Swap (GUW)5
• USGC ULSD vs Low Sulphur Gasoil 1st Line Swap (GUX)5
• USGC ULSD vs Gasoil 1st Line Swap (GUY)5
1. All NGLs in this release reference OPIS North America LPG Report.
2. These contracts reference Platts Asia-Pacific/Arab Gulf Marketscan.
3. This contract references Platts Crude Oil Marketwire.
4. These contracts reference Platts European Marketscan.
5. These contracts reference Platts U.S. Marketscan.
With the products announced today, ICE will offer over 730 cleared OTC energy contracts, including more than 640 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.
