ICE launching 26 new energy OTC contracts

ATLANTA, Jan. 27, 2011 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 21 new cleared OTC energy contracts for global oil and refined petroleum products, North American power and North American natural gas.

ICE also announced the introduction on ICE Futures Europe of three new U.S. thermal coal futures contracts settled against daily assessments published in Platts Coal Trader: Central Appalachian Coal (UCA), CSX Coal (UCX) and Powder River Basin Coal (UCP). Platts is a leading global energy and information provider and a division of The McGraw-Hill Companies.

With coal accounting for around 45% of electric power generated in the United States, the contracts announced today complement the existing suite of U.S. energy products listed on ICE, while also expanding ICE's market-leading suite of international coal products in an increasingly inter-connected global coal market.

All of the new contracts, including the previously announced Indonesian Sub-Bituminous Coal futures contract (SUB) and a new UK Natural Gas options on futures contract (M), will be available for the trade date of Monday, February 21, 2011, subject to regulatory and Energy Risk Committee approval. With the products announced today, ICE will offer over 390 cleared OTC energy contracts, including more than 295 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008.

The new contracts are:

Global Oil and Refined Petroleum Products

Naphtha CIF NWE Cargoes vs Brent 1st Line Swap BALMO Swap (FJA-FKE)
ULSD 10ppm CIF NWE vs ICE Gasoil BALMO Swap (EPA-EQE)
Diesel 10ppm FOB Rdam Barges vs ICE Gasoil BALMO Swap (EUA-EVE)
Gasoil 50 ppm FOB Rotterdam Barges Swap (GSA)
Gasoil 50 ppm FOB Rotterdam Barges Swap BALMO (FLA-FME)
Gasoil 50 ppm FOB Rotterdam Barges vs 0.1% Gasoil FOB Rotterdam Barges Swap (GSF)
Gasoil 50 ppm FOB Rotterdam Barges vs Brent 1st Line Swap (GSC)
Gasoil 50 ppm FOB Rotterdam Barges vs Gasoil First Line Swap (GSD)

The Europe-based, physical base products above appear in Platts European Marketscan.

Japan C+F Naphtha Cargoes BALMO Swap (FEA-FFE)
Singapore Jet Kero vs 0.5% Singapore Gasoil Spread BALMO Swap (FGA-FHE)

The Asia-based, physical base products above appear in Platts Asia-Pacific/Arab Gulf Marketscan.

North American Power

MISO Illinois DA LMP, Peak Month (MLB)
MISO Illinois DA LMP, Off-Peak Month (MLD)
PJM ComEd Zone DA LMP, Peak Monthly (CEP)
PJM ComEd Zone DA LMP, Off-Peak Monthly (CEO)
ISO New England Connecticut Zone Day-Ahead LMP, Peak Monthly (ICP)
ISO New England Connecticut Zone Day-Ahead LMP, Off-Peak Monthly (ICO)

North American Natural Gas

NGPL-Midcont Index Swap (MCI)
NGPL-Midcont Swing Swap (MTS)
TETCO-ELA Basis Swap (TEB)

The products above appear in Platts Inside FERC's Gas Market Report.

Fixed Price for LD1, Henry Hub Same Day (SDH)
Fixed Price for LD1, Henry Hub Same Day Options (SDH)

ICE Futures Europe Coal Futures and Natural Gas Options

Central Appalachian Coal Futures (UCA)
CSX Coal Futures (UCX)
Powder River Basin Coal Futures (UCP)
FOB Indo Sub-Bit Coal Futures (SUB)
UK Natural Gas Futures Monthly Options (M)

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 centralised clearing and settlement arrangements while reducing bilateral credit risk and capital required for each OTC trade.

A full list of OTC, futures and options contracts and all specification are available at www.theice.com.

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