Ibom International sought a trading environment providing speed, efficiency, and transparency. They have access to the Chicago Mercantile Exchange platform to view real-time prices and make bids. As a member of the exchange, Ibom can buy and sell crude oil, natural gas, diesel, and gasoline for clients on the exchange in spot or rolling spot transactions on an FOB basis.

1. Executive Summary
Ibom International sought a premier trading environment, and in doing so,
found an established community where trades are transacted in terms of
speed and efficiency, but also in providing transparency
to information needed to make good decisions.
Contact: Nsikak Ekereuke · Ibom International ·(404) 829-4460 voice ibominternational@rocketmail.com
Organizational Overview:
Ibom International, acts as an Independent Trade Desk on behalf of each its
customers with full corporate responsibility and legal authority, hereby
certify that we are ready, willing and able to trade Crude Oil, Natural Gas, Diesel, Jet Fuel Gasoline.
Enterprise:
Ibom International is taking advantage of the online trading process,
by using the online trading platform established by Chicago Mercantile Exchange (C.M.E)
and allowing examination of real – time current market prices, volume
and activity; to posting bids, accepting offers, countering and re-countering;
and confirming the details after the deal is complete.
ACCESS:
The Chicago Mercantile Exchange (C.M.E) trading platform is designed specifically for trading U.S. domestic, European, Singapore, Al Jubail grades of these physical commodities or their financially- settled derivatives, such as swaps, options, Swaps. Hit bids, lift offers or sweep the entire market in an instant. With each trade, we will have full access to every possible option and trade desk transaction not to a reseller or end user or major. This is a commodity exchange market sale offered by a member of the commodity exchange to be purchased by member of the market exchange. The buyer is usually a market trader buying for their client through a hedge fund, or purchased by a fuel fund manager for a client. The transaction purchase can be TTO, FOB or CIF in Houston, Rotterdam and other port offers with

2. full verifiable POP to meet the exchange compliance conditions of ownership/titleholder to register the product for the sale.
This is a guaranteed sale/trade off the commodity exchange board to one of the member exits as a trade desk transaction. This requires ownership/authorization to sell and verifiable POP from the seller to be posted to the trade desk for verification and upon authentication of compliance POP will be accepted to be placed on the exchange board for sale of the product to one of their members.
The trade desk will pre-arrange the buyer and once the exchange compliance department has completed authentication of the product documents and ownership for transfer, the product is listed on the commodity exchange board for the prearranged sale to one of the commodity trades desks registered exchange board member exit buyers. The exit buyer issues buy ticket to the exchange and must make full settlement payment for the listed product on the board at the close of the market day. The exchange board will complete exchange and make final full settlement for product to the trade desk exchange member the next morning as per pay order ticket instruction for the commodity product.
As I stated the trade desk will issue the commodity exchange board the instruction pay order ticket for payment of commercial invoice amount to the seller and will issue an instruction pay order ticket for payment of commissions to the paymaster for brokers/intermediaries. All sales are SPOT OR ROLLING SPOT TRANSACTIONS ON AN FOB BASIS ( CIF OR TTO CAN BE NEGOTIATED).
With the trade desk sale there must be a seller and a buyer there is no posting of as financial instrument for a 12 month contract. The trade desk will only agree to accept the seller/titleholder product for the sale/trade based on their commodity exchange board conditions and compliance. The trade desk is an independent trader licensed and registered with the commodity exchange board. The exchange board p member is trading (buying and selling) product for their clients on a specific exchange board listing to other exchange board members buying and selling for their clients from the same exchange.
The independent trade desk will agree to sell product by a pre- agreement with the Seller/ titleholder of a fuel product and prearrange a sale to buyer who is one of their commodity exchange board members. The exchange board is the regulatory, compliance and the fiduciary for the exchange transaction sale or purchase of their members.

3. The sale will always have the same requirement, the titleholder seller will submit verifiable POP to the trade desk by agreement and upon authentication of the exchange board compliance of the fuel, the product will be placed on the exchange board for sale and purchase by the one of trade desk’s pre-arranged buyers. This exchange member will claim the product listed on the exchange board by issuing a purchase order ticket and he must make full settlement payment for the product at close of market day to the exchange board for all his account trades.
The exchange board will make final settlement to the trade desk member the following business day as per instruction by Trade Order ticket from the trade desk member who listed the product. The trade desk member will issue Trade Order ticket instructions to the exchange board settlement department for product payment to the seller/titleholder as per their commercial invoice and will issue a TRADE Order instruction for the payment of fees and commissions to the broker’s paymaster.
All trade desk sales are made by agreement based on the titleholder posting POP for verification, upon authentication of the POP by the exchanges compliance department, the product will be listed on the exchange board for sale. The purchase by the exchange board as the entity representing the buy side order and an trade ticket to the trade desk’s prearranged exchange board member. The payment for the authenticated product listed is made to the exchange board settlement department at the end of the trading day and the settlement department pays the selling trade desk exchange board member as instructed by issued pay order ticket the next morning.
This is the trade desk’s function is to secure verifiable product for their buyers, or assure verifiable buyers for their sellers. The exchange board verifies and authenticates product for the listing and collects the purchase funds as becomes the transaction exchange responsible to transfer of product and responsible to make payment for the product listing on their board sold by a member and purchased by a member. The Commodity Exchange Board is government regulated and controlled commodity board exchange to federally licensed member traders.

4. Authorization To Chicago Mercantile Exchange
Subject: I CE - Your ICE ID's are ready (Swap Futures) - Ibom International
From: ICE User Administration (iceuseradministration@theice.com)

5. To:
ibominternational@rocketmail.com;
Cc:
iceuseradministration@theice.com;
Date:
Tuesday, June 4, 2013 12:14 PM
Nsikak,
Your ICE ID is: nekereuke1 for Ibom International
Please call the ICE Help Desk at +1 770-738-2101 (option #1 then #3) to retrieve your temporary password, which is valid for 48 hours after retrieval.
Note: You will need to know your security question and answer for an ICE representative to provide you a temporary password. Please contact the ICE administrator for your company if you are unsure of your security question and answer.
1. Go to www.theice.com and place your mouse cursor over LOGIN, then choose "Change Password"
2. You will be redirected to a new page (https://www.theice.com/changePassword). Using your recently obtained temporary password, set up your permanent password paying close attention to the password requirements.
3. Return to www.theice.com and log in to the desired area. See below for more details regarding ICE tools. Access Types
Note: Administrator rights can be added to any of the above access types
User Guides
Various user guides and tips can be found in Trader Dashboard (see login instructions above). The primary guides are linked below for your convenience.
Deal Reports/Invoices
Exchange
Credit Management Changes
Enter orders/Execute orders
Reports Only
Yes
No
No
No
View Only
Yes
Yes
No
No
Risk Manager
Yes
Yes
Yes
No
User (Trader)
Yes
Yes
No
Yes
Superuser
Yes
Yes
Yes
Yes

6. Fees
ICE Futures U.S. Energy Division North American Natural Gas and North American Power accesses, including Users, SuperUsers, Risk Managers and View Only's, will be charged a monthly minimum commission of $600 for access to ICE Futures U.S Energy Division North American Natural Gas (Financial Gas, Henry Hub, and/or Physical Gas market types) or North American Power (Financial Power and/or Power market types). A $1200 monthly minimum commission applies for access to both ICE Futures U.S Energy Division North American Natural Gas and North American Power.
ICE Futures Europe S2F Energy Division NGLs and Petrochemicals accesses, including Users, Superusers, Risk Managers and View Onlys, will be charged a monthly minimum commission of $300 for access to ICE Futures Europe S2F Energy Division NGL's (Financial NGL and/or Physical NGL market types) or ICE Futures Europe S2F Energy Division Petrochemicals (Financial Aromatics, Aromatics/Oxygenates and/or Olefins/Polymer market types). A $600 monthly minimum commission applies for access to both ICE Futures Europe S2F Energy Division NGL's and Petrochemicals.
As of November 1, 2012, all Users, Superusers, Risk Managers and View Onlys will be charged a monthly minimum commission of $50 for access to ICE Futures U.S. Energy Division U.S. Physical Environmental (Physical Environmental market type). As of November 1, 2012, ICE is introducing a monthly minimum commission of $300 for access to the ICE Futures Europe S2F Energy Division Global Crude and Refined Products, Freight, LNG and Iron Ore group of markets which includes the market types Oil, Financial LNG, Wet Freight, Dry Freight and Ferrous Metals. All Users, Superusers, Risk Managers and View Onlys will be charged a monthly minimum commission of $300. For this group of markets, block trades (Block and EFS) as well as screen trades will count towards the $300 monthly minimum commission. Screen-traded or block commissions for this group of markets will only count towards the minimum commissions for this group of markets.
Currently, there are no WebICE minimum commissions for Natural Gas Exchange (NGX).
Please note an individual User or Superuser’s WebICE or ICE FIX traded commissions will be netted against his or her individual monthly minimum commission regardless of the OTC market traded except in the case of ICE Futures Europe S2F Energy Division Global Crude and Refined Products, Freight, LNG and Iron Ore as noted above.Reports Only and Accounting accesses, which do not have access to real-time markets, are provided at no cost. Access to multiple companies, under a single ICE ID, will incur charges at each company the ID accesses.
“As of January 1, 2013, ICE Futures accesses, either WebICE or ICE FIX, including Users, SuperUsers, Risk Managers and View Only's, for non S2F products will be charged a monthly market data exchange fee of $85 per user, per month for access to ICE Futures Europe and $85 per user, per month for access to ICE Futures US and $20 per user, per month for access to ICE Futures Canada. For clarity, access to both ICE Futures Europe and ICE Futures US non S2F products will be charged a total of $170 per user, per month and a user with access to ICE Futures Europe, ICE Futures US and ICE Futures Canada non S2F products will be charged a total of $190 per user, per month. ICE will no longer operate a trade or pay policy with regards to WebICE and FIX access, all users will be liable to market data exchange fees. Access to multiple companies, under a single ICE ID, will incur charges at each company the ID accesses.
FIX price servers will be charged $50 per price server, per month. All charges will also attract any applicable taxes.
Reports Only, Accounting and Trade Capture accesses which do not have access to real-time markets are provided at no cost.”

7. Thank you,
Winston Garth - Trade Support Analyst
IntercontinentalExchange | ICE
2100 RiverEdge Pkwy | 5th Floor | Atlanta, GA 30328
Tel: 770.738.2101| Fax: 770.951.5481 | winston.garth@theice.com
24-hour ice helpdesk 770.738.2101
http://www.theice.com/
E Group Inc. (Chicago Mercantile Exchange) is the world's largest futures exchange company. It owns and operates largederivatives and futures exchanges in Chicago and New York City, as well as online trading platforms. It also owns the Dow Jones stock and financial indexes, and CME Clearing Services, which provides settlement and clearing of exchange trades. The exchange-traded derivative contracts include futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, rare and precious metals, weather, and real estate.[1]
The corporate world headquarters are in Chicago in the Loop. The corporation was formed by the 2007 merger of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT). On March 17, 2008, CME Group announced it had acquired NYMEX Holdings, Inc., the parent company of the New York Mercantile Exchange and Commodity Exchange, Inc (COMEX). The acquisition was formally completed on August 22, 2008.[2] The four exchanges now operate as designated contract markets (DCM) of the CME Group.[3]
On February 10, 2010, CME announced its purchase of 90% of Dow Jones Indexes, including the Dow Jones Industrial Average.[4] CME Group, as the world's largest future exchanges, announced that the company will allow international investors to use the Chinesecurrency Renminbi as collateral for trading in all its futures products as of January 2012.[5] CME Group also owns 5% of BM&F Bovespa, the São Paulo, Brazil stock exchange operator. On October 17, 2012, CME announced it was acquiring the Kansas City Board of Trade for $126 Million in cash. KCBOT is the dominant venue for the sell of hard red winter wheat. The Chicago Board of Trade is the leading producer of soft red winter wheat.[6]
Clearing Members (EXCHANGE SEAT)(This is not all the members)
Clearing Firm
CME
CBOT
NYMEX
COMEX
IRS
CDS
ABN AMRO Clearing Chicago LLC
ADM Investor Services, Inc.
Advantage Futures, LLC
Bank of Montreal
Barclays Capital Inc.
BMO Capital Markets Corp.
BNP Paribas Prime Brokerage, Inc.
BNP Paribas Securities Corp.
BNY Mellon Clearing, LLC
BOCI Commodities and Futures Limited +
BP Energy Company

8. BP Products North America Inc.
Bunge Chicago, Inc.
Cantor Fitzgerald & Co.
CHS Hedging, Inc.
CIBC World Markets Corp.
Citadel Securities LLC
Citigroup Global Markets Inc.
Credit Agricole Corporate and Investment Bank
Credit Suisse Securities (USA) LLC
Crossland, LLC
Cunningham Commodities, Inc.
Daiwa Capital Markets America Inc.
Deutsche Bank Securities Inc.
Dorman Trading, L.L.C.
E D & F Man Capital Markets Inc.
Eagle Market Makers, Inc.
Enskilda Futures Limited
FC Stone, L.L.C.
G.H. Financials, LLC
Gelber Group, LLC
GETCO, LLC
Goldman, Sachs & Co.
Goldman Sachs Execution & Clearing, L.P.
HSBC Securities (USA) Inc.
Jefferies Bache, LLC
Jump Trading, LLC
J.P. Morgan Securities LLC
Knight Capital Americas LLC
Longwood Trading
Macquarie Futures USA LLC