Wed 15 Dec 2010, 08:42 GMT

ICE launches new OTC fuel oil contracts



IntercontinentalExchange, a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, has this week launched a number of new cleared OTC energy contracts for global oil and refined petroleum products.

The new contracts include:

* 1% Fuel Oil FOB MED Cargoes BALMO Swap (DJA-DKE)

* 1% Fuel Oil FOB NWE Cargoes vs. 3.5% Rotterdam Barges BALMO Swap (FCA-FDE)

* 1% Fuel Oil FOB Rotterdam Barges vs. 1% Fuel Oil FOB NWE Cargoes BALMO Swap (DLA-DME)

* 3.5% Fuel Oil FOB MED Cargoes vs. 3.5% FOB Rotterdam Barges BALMO Swap (DTA-DUE)

* 0.1% Gasoil CIF NWE Cargoes vs. Gasoil 1st Line BALMO Swap (DVA-DWE)

* 0.1% Gasoil FOB Rotterdam Barges BALMO Swap (EJA-EKE)

* 0.1% Gasoil FOB Rotterdam Barges vs. Gasoil 1st Line BALMO Swap (DXA-DYE)

* 0.5% Singapore Gasoil vs. Gasoil 1st Line Swap (MT) (SGG)

* Daily Brent CFD vs. First Month (CFP)

* Daily Brent CFD vs. Second Month (CFE)

* Daily Brent CFD vs. Third Month (CFR)

* Daily Platts Dated Brent Swap (CFN)

* Crude Fin FP, for TMX 1A (TMX)

* Crude Fin FP, for TMX 1B (TDX)

All of the above contracts were made available for trading on Monday, December 13, 2010.

With the new products, ICE now offers over 370 cleared OTC energy contracts, including more than 275 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008.


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