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ICE Clear Europe receives derivatives clearing organization registration

London, 26 January 2010

IntercontinentalExchange announced that the Commodity Futures Trading Commission (CFTC) has granted ICE Clear Europe registration as a U.S. derivatives clearing organization (DCO) pursuant to Section 5b(b) of the Commodity Exchange Act.

Said Paul Swann, President of ICE Clear Europe, "As a leading global clearing house for futures and OTC markets, DCO registration acknowledges our adherence to core principals and offers flexibility and confidence to our member firms. We appreciate the work of the Commission in granting this order."

Based in London, ICE Clear Europe is regulated by the U.K. Financial Services Authority (FSA) as a Recognised Clearing House. As one of five regulated clearing houses operated by ICE, ICE Clear Europe has served the futures markets of ICE Futures Europe and ICE's OTC energy markets since its establishment in November 2008. In July 2009, ICE Clear Europe introduced clearing for European CDS, with a separate risk pool, guaranty fund and margin accounts, as well as a dedicated risk management system and independent governance structure.

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