ICE Announces New CDS Clearing Member and CDX Product Additions

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Tue May 19, 2009 3:43pm EDT

Total Cleared Volume Surpasses $585 Billion;

European CDS Clearing Operationally Ready

NEW YORK, May 19 /PRNewswire-FirstCall/ -- IntercontinentalExchange(R) (NYSE:
ICE), a leading operator of regulated global futures exchanges, clearing
houses and over-the-counter (OTC) markets, today announced that The Royal Bank
of Scotland plc (RBS) has been approved as a clearing member by the Board of
ICE Trust(TM), the industry's leading clearing house for credit default swaps
(CDS). Operational as of May 18, RBS joins 10 initial clearing members of ICE
Trust, and is the first new member since the clearing house launched in March.
 

Dirk Pruis, President of ICE Trust, said: "ICE Trust was designed as an open
platform, with membership available to qualified market participants who meet
the clearing house's rigorous financial, operating and risk management
criteria. We welcome RBS in our continued efforts to bring transparency and
stability to the vital CDS markets, and we look forward to working with new
dealer and buy-side participants." 

ICE Trust is currently expanding its services to include buy-side clearing,
which will provide for margin segregation and account portability to firms who
are not direct clearing members. ICE Trust expects to make these enhanced risk
protections available in the coming weeks.

For the week ended May 15, 2009, ICE Trust cleared $223 billion in notional
value, Since launch, ICE Trust has cleared 6,599 transactions, totaling $586
billion of notional value, and resulting in open interest of $103 billion.
During the last clearing cycle, ICE Trust added Series 8 and Series 9 CDX
contracts, which accounted for approximately 76% of the week's cleared volume.


Separately, ICE is working closely with the European CDS community to provide
clearing service through ICE Clear Europe(R) for iTraxx and European single
name reference entities by the July 2009 deadline agreed upon by CDS industry
participants and the European Commission. Paul Swann, President of ICE Clear
Europe, said: "We are working closely with applicant clearing firms and have
completed several weeks of testing. We remain on track to clear iTraxx and
European reference entities ahead of the Commission's July deadline."


About IntercontinentalExchange
IntercontinentalExchange(R) (NYSE: ICE) operates leading regulated exchanges,
trading platforms and clearing houses serving the global markets for
agricultural, credit, currency, emissions, energy and equity index markets. 
ICE Futures Europe(R) trades half of the world's crude and refined oil
futures. ICE Futures U.S.(R) and ICE Futures Canada(R) list agricultural,
currency and Russell Index markets. ICE offers trade execution and processing
for the credit derivatives markets through Creditex and clearing through ICE
Trust(TM). A component of the Russell 1000(R) and S&P 500 indexes, ICE(R)
serves customers in more than 50 countries and is headquartered in Atlanta,
with offices in New York, London, Chicago, Winnipeg, Calgary, Houston and
Singapore. www.theice.com

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995 - Statements in this press release regarding IntercontinentalExchange's
business that are not historical facts are "forward-looking statements" that
involve risks and uncertainties. For a discussion of additional risks and
uncertainties, which could cause actual results to differ from those contained
in the forward-looking statements, see ICE's Securities and Exchange
Commission (SEC) filings, including, but not limited to, the risk factors in
ICE's Annual Report on Form 10-K for the year ended December 31, 2008, as
filed with the SEC on February 11, 2009.

SOURCE  IntercontinentalExchange

Investor, Kelly Loeffler, VP, Investor Relations & Corp. Communications,
+1-770-857-4726, kelly.loeffler@theice.com, or Sarah Stashak, Director,
Investor & Public Relations, +1-770-857-0340, sarah.stashak@theice.com, both
of IntercontinentalExchange; or Media, Ellen Resnick of Crystal Clear
Communications, +1-773-929-9292 (o); +1-312-399-9295 (c),
eresnick@crystalclearPR.com
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