twitter

Welcome: Guest User

Register / Login

ICE announces Nov 7 launch of 29 energy contracts

Atlanta, 17 October 2011

 

IntercontinentalExchange ( ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 22 new cleared OTC contracts for global refined petroleum products, North American power and North American natural gas. ICE also announced the introduction on ICE Futures Europe of single-expiry coal options, as well as Dutch TTF Natural Gas options.

All of the new forward contracts will be available for the trade date of Monday, November 7, 2011, subject to Energy Risk Committee approval and regulatory non-objection. With the products announced today, ICE will offer over 600 cleared OTC energy contracts, including more than 510 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008.

The new contracts are:

Global Oil and Refined Petroleum Products

0.5% Singapore Gasoil vs. Low Sulphur Gasoil 1st Line Swap (ULP)

0.1% Gasoil CIF MED Cargoes vs. Low Sulphur Gasoil 1st Line Swap (ULQ)

0.1% Gasoil FOB RDAM Barges vs. Low Sulphur Gasoil 1st Line Swap (ULR)

0.1% Gasoil CIF NWE Cargoes vs. Low Sulphur Gasoil 1st Line Swap (ULT)

Diesel 10 ppm (UK) CIF NWE Cargoes vs. Low Sulphur Gasoil 1st Line Swap (ULU)

Fuel Oil 1% FOB RDAM Barges vs. Fuel Oil 1% FOB MED Cargoes Swap (FOP)

Urals North vs. Dated Brent CFD (CFU)

Premium Unleaded Gasoline 10ppm FOB MED Cargoes Swap (UCB)

All of the contracts above reference Platts European Marketscan, except ULP, which references Platts Asia Pacific/Arab Gulf Marketscan, and CFU, which references Platts Crude Oil Marketwire.

Low Sulphur Gasoil Average Price Option (ULA)

Low Sulphur Gasoil Bullet Swap (UUB)

European-Style Low Sulphur Gasoil Option (UUL)

NYH Heating Oil 2:30 PM ET Settlement vs. Platts 3:15 PM ET Futures Assessment (HOK)

NYH RBOB 2:30 PM ET Settlement vs. Platts 3:15 PM ET Futures Assessment (RBK)

North American Power

PJM Western Hub Real-Time Cal 1x Fixed Price Swap (PMX)

PJM Western Hub Real-Time Cal 1x Option (PMX)

PJM Western Hub Real-Time WH Real Time Off-Peak Monthly Options (OPJ)

PJM Western Hub Real-Time Off Peak Cal 1x (PWC)

PJM Western Hub Real-Time Off Peak Cal 1x Option (PWC)

PJM Western Hub Real-Time Planning Year 1x (PWP)

PJM Western Hub Real-Time Planning Year 1x Option (PWP)

North American Natural Gas

Henry Hub Cal 1x Fixed Price Swap (HHC)

Henry Hub Cal 1x Option (HHC)

ICE Futures Europe Coal Options and Natural Gas Options

Richard's Bay Coal Single Expiry Calendar Year Options (AFC)

Rotterdam Coal Single Expiry Calendar Year Options (ATC)

gC Newcastle Coal Single Expiry Calendar Year Options (NCC)

Rotterdam Coal Single Expiry Quarterly Options (ATQ)

Richard's Bay Coal Single Expiry Quarterly Options (AFQ)

gC Newcastle Coal Single Expiry Quarterly Options (NCQ)

Dutch TTF Gas Options (TTF)

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.

Ends --


www.theice.com

Upcoming Events – 2012

CTRM Technical Conference, London

London, 29 May 2012 - 30 May 2012

 

6th Wire and Cable Conference

Vienna, Austria, 11 June 2012 - 13 June 2012

 

20th European Biomass Conference and Exhibition

Milan,, 18 June 2012 - 20 June 2012

 

Subscribe Now

Subscribe to Commodities Now

A subscription to Commodities Now gives you full access to all content on this site together with special reports and supplements as they are published

 

Power & Energy Events

Iraq Petroleum 2012

London UK, 18 June 2012 - 20 June 2012

 

2nd Annual Regulatory Compliance in Energy Trading

Houston, Texas, 19 June 2012 - 20 June 2012

 

FT Global Energy Leaders Summit

London, UK, 18 September 2012 - 19 September 2012