NEW YORK, Oct. 30 /PRNewswire-FirstCall/ -- IntercontinentalExchange, Inc.
(NYSE: ICE), a leading operator of global regulated futures exchanges and
over-the-counter (OTC) markets, and The Clearing Corporation (TCC), today
announced new agreements intended to advance their previously announced joint
global clearing solution for Credit Default Swaps (CDS). Together with nine of
the major global investment banks who are dealers in the CDS markets, ICE and
TCC have entered into memorandums of understanding (MOUs) to develop a joint
global clearing solution and to effect the acquisition of TCC by ICE.


Under the terms of the new agreements, ICE will acquire TCC and will form
ICE US Trust (ICE Trust), a New York limited purpose trust company and
subsidiary of ICE, with the support of Bank of America, Citi, Credit Suisse,
Deutsche Bank, Goldman Sachs, J.P. Morgan, Merrill Lynch, Morgan Stanley and
UBS.  As previously announced, ICE and TCC continue to work ...   more »