Energy Clearing: Introduction of Clearing for additional ICE
OTC Contracts
CIRCULAR
C12/090
Energy Clearing Members are advised that ICE Clear Europe (the “Clearing
House”) will introduce clearing for additional ICE OTC contracts on Tuesday 28
August 2012, subject to regulatory non-objection.
01 August 2012
Category:
Full contract specifications are attached.
General
Introduction of Clearing for additional ICE OTC Contracts
The following new contracts will be available for clearing on the ICE Clearing
Systems on Tuesday 28 August 2012:
Physical
Code
Contract Name
Market
Attachments:
ICE OTC Product
Specifications
Summary of content:
MSO
AD Hub RT Peak Monthly Options
ICE OTC
AOD
AD Hub RT Off-Peak Monthly Options
ICE OTC
ARY
AD Hub RT Peak Cal 1x Fixed Price Swap
ICE OTC
ARY
AD Hub RT Peak Cal 1x Option
ICE OTC
ARZ
AD Hub RT Off-Peak Cal 1x Fixed Price Swap
ICE OTC
ARZ
AD Hub RT Off-Peak Cal 1x Option
ICE OTC
EVN
ERCOT North 345kV DA Peak Monthly
ICE OTC
NEV
ERCOT North 345kV DA Off-Peak Monthly
ICE OTC
LVC-LWG
IsoButane, Mt Belvieu - ENT FP for OPIS Balmo
Swap
ICE OTC
LPE-LQI
E-P Cont, Conway - FP for OPIS Balmo Swap
ICE OTC
Energy Clearing:
Introduction of Clearing
for additional ICE OTC
Contracts
For more information
please contact:
Mark Woodward
Director, Corporate
Development
+44 (0)20 7065 7617
mark.woodward@theice.com
J.C. Kneale
VP, North American
Natural Gas, Power &
NGL Markets
+1 713 571 7821
jc.kneale@theice.com
LWH-LXL
Isobutane, Conway, FP for OPIS Balmo Swap
ICE OTC
LSS-LTW
Natgaso, Mt Belvieu - LST FP for OPIS Balmo
Swap
ICE OTC
JKM
Japan Korea Marker LNG Swap
ICE OTC
PLM
Propane, Mt Belvieu - LST FP for OPIS Swap
Mini
ICE OTC
ZHF-ZIJ
Isobutane, MT.B-LST, FP for OPIS Balmo Swap
ICE OTC
Jeff Barbuto
VP, Oil Markets
+1 646 733 5014
Jeff.barbuto@theice.com
Vincent Martin
Manager, Oil Markets
+44 (0)20 7065 7785
vincent.martin@theice.com
Marta Miskiewicz
Senior Risk Analyst
+44 (0) 20 7065 7613
marta.miskiewicz@theice.com
ICE Clear Europe Ltd, a Recognised Clearing House
under the Financial Services & Markets Act 2000
Registered in England & Wales with Registered Office at
Milton Gate, 60 Chiswell Street, London, EC1Y 4SA
Company Registration No. 6219884
ICE Clear Europe Circular C12/090
1
LNZ-LPD
E-P Cont, Mt Belvieu - FP for OPIS Balmo Swap
ICE OTC
VRD-VSH
Propane, Far East vs Propane, CIF ARA Balmo
Swap
ICE OTC
UOX
ICAP Uranium 308 Swap
ICE OTC
WCN
TC14 (Baltic) Freight Route Swap
ICE OTC
VYH-VZL
WCS TMX 1b Index Balmo Swap
ICE OTC
SYN
SYN TMX 1b Index Swap
ICE OTC
BAM
Mini 3.5% FOB RDAM Barges Fuel Oil Swap
(100MT)
ICE OTC
SMB
Singapore Mogas 97 Unleaded vs Singapore
Mogas 95 Unleaded Swap
ICE OTC
SMC
Singapore Mogas 97 Unleaded vs Singapore
Mogas 92 Unleaded Swap
ICE OTC
SMD
Singapore Mogas 95 Unleaded vs Singapore
Mogas 92 Unleaded Swap
ICE OTC
JNB
Jet CIF NWE Cargoes vs Brent 1st Line Swap
ICE OTC
BOA
3.5% FOB RDAM Barges vs Brent 1st Line
Swap (Bbls)
ICE OTC
FVA
1% FOB NWE Cargoes Fuel vs Brent 1st Line
Swap (Bbls)
ICE OTC
UBN
ULSD 10ppm CIF NWE Cargoes vs Brent 1st
Line Swap
ICE OTC
SPAN® parameters
1
The Contracts will be margined using SPAN® . Updated SPAN® parameters
will be available in due course at:
https://www.theice.com/clear_europe_span_parameters.jhtml.
Fees
ICE Clear Europe Registration and Delivery fees for these contracts will shortly
be made available from:
https://www.theice.com/fees.jhtml
Rules and Administrative Procedures
Amendments to the ICE Clear Europe Administrative Procedures are required
for the introduction of these contracts and will be published shortly.
Should you have any questions in relation to this Circular or require any further
information, please contact Mark Woodward, Director – Corporate Development
by phone on +44 (0)20 7065 7617 or email mark.woodward@theice.com, J.C.
Kneale, VP – North American Natural Gas, Power & NGL Markets, by phone on
1
SPAN is a registered trademark of Chicago Mercantile Exchange Inc., used herein under license. Chicago Mercantile
Exchange Inc. assumes no responsibility in connection with the use of SPAN by any person or entity. SPAN is a risk evaluation
and margin framework algorithm.
ICE Clear Europe Ltd, a Recognised Clearing House
ICE Clear Europe Circular C12/090
under the Financial Services & Markets Act 2000
Registered in England & Wales with Registered Office at
Milton Gate, 60 Chiswell Street, London, EC1Y 4SA
Company Registration No. 6219884
2
+1 713 571 7821 or email jc.kneale@theice.com, Jeff Barbuto, VP, Oil Markets,
by phone on +1 646 733 5014 or email jeff.barbuto@theice.com or Vincent
Martin Manager, Oil Markets, by phone on +44 (0)20 7065 7785 or email
vincent.martin@theice.com.
Questions in relation to risk management should be directed to Marta
Miskiewicz, Senior Risk Analyst, by phone on +44 (0) 20 7065 7613 or email
marta.miskiewicz@theice.com. Operational questions should be directed to the
Operations Helpdesk by phone on +44 (0)20 7065 7600 or email
iceuops@theice.com.
Please ensure that the appropriate members of staff within your organisation
and customers are advised of the content of this Circular.
Signed:
Paul Swann
President & Chief Operating Officer
ICE Clear Europe Ltd, a Recognised Clearing House
under the Financial Services & Markets Act 2000
Registered in England & Wales with Registered Office at
Milton Gate, 60 Chiswell Street, London, EC1Y 4SA
Company Registration No. 6219884
ICE Clear Europe Circular C12/090
3