Industry Group Signs Letter of Intent to Establish Global Central Counterparty Clearing...

Industry Group Signs Letter of Intent to Establish Global Central Counterparty
Clearing for Credit Default Swaps

NEW YORK, Oct. 10 /PRNewswire-FirstCall/ -- A group of leading credit
derivative market participants today announced they have joined forces to
support a joint global clearing solution for Credit Default Swaps (CDS).
Signatories to the letter of intent include The Clearing Corporation, Markit
Group, Risk Metrics, and IntercontinentalExchange, Inc. (NYSE: ICE) through
its subsidiaries, including ICE US Trust, a New York limited Trust Company
(ICE Trust), Creditex and T-Zero. ICE Trust will operate as a New York
limited Trust Company and function as global clearinghouse and central
counterparty for CDS transactions. ICE Trust plans to become a member of the
Federal Reserve System. The letter signals the intention of the signatories
to use their best efforts to work together in establishing a clearinghouse
that will accomplish the objectives established by the Federal Reserve Bank of
New York.
About The Clearing Corporation
The Clearing Corporation provides clearing services for global exchange
and over-the-counter (OTC) traded derivatives. As an independent derivatives
clearinghouse, The Clearing Corporation is in a unique position to provide
innovative and customer-focused OTC and exchange-traded derivatives clearing
services. The Clearing Corporation is a stockholder-owned, Delaware
corporation, now in its 83rd year of business and serves numerous clients in a
variety of markets. Additional information on The Clearing Corporation is
available at www.clearingcorp.com.
About IntercontinentalExchange
IntercontinentalExchange(R) (NYSE: ICE) operates regulated global futures
exchanges and over-the-counter (OTC) markets for agricultural, energy, equity
index and currency contracts, as well as credit derivatives. ICE(R) offers
these markets to participants around the world through its technology
infrastructure and trading platform, together with clearing, market data and
risk management services. ICE Futures Europe(TM) is ICE's regulated energy
futures exchange. ICE's regulated North American exchanges, ICE Futures
U.S.(R) and ICE Futures Canada(TM), offer markets for agricultural and
financial contracts. Creditex, a market leader in trade execution and
processing for credit derivatives, is also a wholly-owned subsidiary of ICE. A
member of the Russell 1000(R) and S&P 500 indices, ICE 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, 2007, and ICE's Quarterly Report on Form 10-Q, as filed
with the SEC on February 13, 2008, and August 4, 2008, respectively.
SOURCE IntercontinentalExchange; The Clearing Corporation

Andy Merrill or Tripp Kyle, both of Finsbury Group, for The Clearing
Corporation, +1-212-303-7600, ccorp@finsbury.com, for The Clearing
Corporation; or 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