Wed 16 Mar 2011, 12:57 GMT

ICE launches new OTC oil contracts


New contracts will be available from next month.



IntercontinentalExchange, a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, has announced the introduction of 15 cleared OTC global oil products.

All of the new contracts will be available for the trade date of Monday, April 4, 2011. The new contracts are:

* Fuel Oil 3% US Gulf Coast Balmo Swap (FPA-FQE)
* Fuel Oil 1% New York Balmo Swap (FRA-FSE)
* Gulf Coast ULSD vs Heating Oil 1st Line Swap (GOH)
* Gulf Coast No.6 Fuel Oil vs Brent 1st Line Swap (GCS)
* New York 1% Fuel Oil vs Brent 1st Line Swap (NFB)

The U.S.-based, physical base products above appear in Platts U.S. Marketscan.

* Singapore 10ppm Gasoil Swap (GST)

This product appears in Platts Asia-Pacific/Arab Gulf Marketscan.

* Diesel 10ppm (UK) CIF NWE Cargoes vs Gasoil 1st Line Balmo Swap (DAA-DBE)
* Diesel 10ppm CIF NWE Cargoes Swap (DCC)
* Diesel 10ppm CIF NWE Cargoes vs Gasoil 1st Line Balmo Swap (DHA-DIE)
* Diesel 10ppm FOB Rotterdam Barges Balmo Swap (CDA-CEE)
* Gasoil 0.1% FOB MED Cargoes Swap (GOM)
* ULSD 10ppm CIF NWE Cargoes Balmo Swap (FYA-FZE)
* Diesel 10ppm FOB Rotterdam Barges Bullet Swap (FBG)

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

* NYH Heating Oil 1st Line vs Brent 1st Line Swap (HBT)
* RBOB Gasoline 1st Line vs Brent 1st Line Swap (RBR)

With the new products, ICE will offer more than 405 cleared OTC energy contracts, including more than 310 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008.


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