ICE launches 20 OTC cleared oil contracts
IntercontinentalExchange (ICE) has introduced 20 new cleared OTC oil contracts, which will be available for clearing from May 18, 2009.
The OTC swaps and options will take ICE's offering to nearly 200 cleared OTC energy contracts, including 100 new OTC contracts since the launch of ICE Clear Europe in November 2008.
The new OTC contracts available for clearing on May 18 are:
- Brent Bullet Swap (BNB);
- EU-Style Brent Cash Settled Option (BUL)
- Brent Average Price Option (I)
- WTI Bullet Swap (WTB)
- EU-Style WTI Cash Settled Option (WUL)
- WTI Average Price Option (R)
- Gasoil Bullet Swap (GOB)
- EU-Style Gasoil Cash Settled Option
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