T-Zero® is the most widely adopted affirmation and novation consent platform for credit derivatives. The T-Zero platform allows T+0 matching and electronic novation consent, meeting industry targets set by the Operations Management Group and paving the way for sustained future growth in the industry.

T-Zero® is a subsidiary of Creditex Group Inc. On June 3, 2008, Creditex agreed to be purchased by IntercontinentalExchange, Inc. (ICE). Upon the closing of the transaction, which is expected during late third quarter 2008, Creditex Group will be a wholly-owned subsidiary of ICE, operating under the Creditex name.