ICE Benchmark Administration Introduces the U.S. Dollar ICE Bank Yield Index for Review and Comment by Market Participants

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global
exchanges and clearing houses and provider of data and listings
services, today announced that ICE Benchmark Administration (“IBA”) has
published a paper
introducing the U.S. Dollar ICE Bank Yield Index for review and comment
by market participants.

The fully transaction-based U.S. Dollar ICE Bank Yield Index is designed
to measure the yields at which investors are willing to invest U.S.
dollar funds in large, internationally active banks on a wholesale,
unsecured basis over one-month, three-month and six-month periods.

The index has been developed to meet the potential needs of lenders,
borrowers and other users of non-derivative or “cash” products that have
historically referenced short-term interest rate benchmarks, such as
LIBOR, in their contracts.

IBA has conducted a period of testing on a preliminary methodology for
the index over the course of the past year. The results are published in
the paper and on IBA's
website.

IBA is now inviting market participants and stakeholders to review and
provide feedback on the U.S. Dollar ICE Bank Yield Index and its
proposed methodology via email at [email protected]
by March 31, 2019.

IBA intends to consider and take account of this feedback in finalising
the construction of the index before conducting a production-standard
test in the second half of 2019. If the market’s response is encouraging
and future testing is successful, IBA anticipates that it will launch
the U.S. Dollar ICE Bank Yield Index and commence publication during the
first quarter of 2020.

There is no guarantee that IBA will continue to test the U.S. Dollar ICE
Bank Yield Index, be able to source data to derive the index or publish
the index in the future. Users of U.S. Dollar LIBOR should not rely on
the potential publication of the U.S. Dollar ICE Bank Yield Index when
developing and executing transition or fallback plans.

About Intercontinental Exchange

Intercontinental
Exchange (NYSE: ICE) is a Fortune 500 and Fortune Future 50 company
formed in the year 2000 to modernize markets. ICE serves customers by
operating the exchanges, clearing
houses and information services they rely upon to invest, trade and
manage risk across global financial and commodity markets. A leader in
market data, ICE Data
Services serves the information and connectivity needs across
virtually all asset classes. As the parent company of the New
York Stock Exchange, the company raises more capital than any other
exchange in the world, driving economic growth and transforming markets.

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Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
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rights of Intercontinental Exchange, Inc. and/or its affiliates is
located at http://www.intercontinentalexchange.com/terms-of-use.
Key Information Documents for certain products covered by the EU
Packaged Retail and Insurance-based Investment Products Regulation can
be accessed on the relevant exchange website under the heading “Key
Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 -- Statements in this press release regarding ICE'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, 2017, as filed with the SEC on February 7, 2018.

SOURCE: Intercontinental Exchange

ICE-CORP

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