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Press release from PR Newswire

Markit and IntercontinentalExchange Issue Joint Statement on Credit Event Auction Date for The Hellenic Republic

Monday, March 12, 2012

Markit and IntercontinentalExchange Issue Joint Statement on Credit Event Auction Date for The Hellenic Republic10:40 EDT Monday, March 12, 2012LONDON, March 12, 2012 /PRNewswire/ -- Following a decision by the International Swaps & Derivatives Association's (Isda) Determinations Committee that a Restructuring Credit Event occurred with respect to The Hellenic Republic, Markit and IntercontinentalExchange's Creditex subsidiary, will hold a Credit Event Auction to settle Credit Default Swap (CDS) trades on the country's sovereign debt on March 19, 2012.(Logo: Information about the auction and the decision of the Determinations Committee can be found here.For general information on Credit Event Auctions please see the Credit Event Auction briefing document (also available in French, Greek and Spanish).About MarkitMarkit is a leading, global financial information services company with over 2,300 employees. The company provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. Its client base includes the most significant institutional participants in the financial marketplace.About IntercontinentalExchangeIntercontinentalExchange (NYSE: ICE) is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currencies and Russell Index markets. ICE is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries.  The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE Futures Europe and ICE Clear Europe. All other trademarks are the property of their respective owners. For more information regarding registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated companies, see IntercontinentalExchangeFor further information: Markit Media Contact: Caroline Lumley, Corporate Communications, +44 20 7260 2047,, or ICE Media Contact: Claire Miller, Corporate Communications, +44 20 7065 7745,, or ICE Investor Contact: Kelly Loeffler, VP Investor Relations & Corp. Communications, +1-770-857-4726,