ICE Futures Deliveries

Digital Clearing for ICE Murban, Gasoil and other Futures Deliveries

DT4F Screen Enselmbe

Situation

ICE wanted to simplify and fully digitize the balance of analog steps in the futures deliveries clearing process.

Solution

DT4 ICE Futures Deliveries – a use case of our ICE Digital Trade for Energy solution – enables clearinghouse members and their clients to digitize and simplify all aspects of the clearing process for futures deliveries.

Benefits

  • Gain Real-time transaction status and deadline visibility through a user-friendly dashboard
  • Simplify intra-party communications by using in-app chat
  • Reduce email traffic by digitally creating and submitting delivery forms (including Nominations + more), replacing forms submitted via email
  • Minimize operational risk by using structured data and controls for forms processing
  • Personalize your dashboard by easily configuring 'Views' to capture specific live data and statuses
  • Enhance your reporting and data re-use needs by outputting .csv reports based on your personalized 'Views'

Markets Covered

  1. Murban Deliveries
     
  2. Low Sulphur Gasoil Deliveries
     
  3. Sugar, Coffee, Cocoa + Wheat
    Work for digitizing soft commodities clearing has commenced (scope and solution delivery timeline to be announced)

DT4 ICE Futures Deliveries in action

Video Walkthrough: Murban Deliveries

Video Walkthrough: Low Sulphur Gasoil Deliveries

Solution Rollout Phases

Phase 1 – ​​​​​Dashboard & Alerts for energy futures deliveries
Status: live

Dashboard directly interfaced to ICE Clear Europe's Delivery System (DICE) giving clearinghouse members and their clients single source access to delivery data

  • Real-time status dashboard to view status of tenders and upcoming deadlines for Murban and Gasoil deliveries
  • Personalised Views to capture specific live information and status
  • .csv report outputs based on configured Views
    ​​​​​​

Phase 2 – ​​​​​Digital Nominations, LOIs and/or electronic Transport Docs for clearing energy futures deliveries 
Status: live

Tool for clearinghouse members (and their clients) to digitally create & submit delivery forms such as Nomination forms + more

  • Live shared delivery status across all counterparties in the chain
  • Create multi-party review and approval workflow
  • Draft and share Letters of Indemnity (LOIs) and Bills of Lading (BLs)
  • Draft, upload and share supporting shipping documents
  • Real time in-app chat

Learn More

To organize a demo or learn more about DT4 ICE Futures Deliveries please reach out to our team at ICEClearEurope-Deliveries@ice.com.