Eurex Clearing
Dear Clearing Member,
With this Newsflash, Eurex Clearing wants to draw your attention to a few additional updates regarding the C7 SCS Release 1.0 Simulation.
Learn now more about C7 SCS Release 1.0 on our dedicated initiative page under the following link: Support > Initiatives & Releases > C7 SCS Releases > C7 SCS Release 1.0. System documentation, circulars, timeline and much more information will be available there for you.
1. Settlement related cash instruction changes
With the introduction of C7 SCS Release 1.0, Eurex Clearing extends the range of business areas, for which the C7 Payment Service will be used: Cash instructions related to settlement of trades performed on Frankfurt Stock Exchange (MICs: XETR and XFRA) and settlement of transactions concluded at Eurex Deutschland (MIC: XEUR) which result in securities transactions will be migrated to the C7 Payment Service.
C7 SCS generated the following cash transaction types:
These types will be reflected in the CD710/711/712/715 reports, whereas the cash transactions related to settlement of Eurex Repo business (payments related to settlement and buy-in related cash payments) are still visible in CD010/011/012 and CD015 reports.
The Daily Cash Account (CD010) report will also provide the information on cash payments resulting out of exercises/assignments of Eurex derivatives positions in equity options.
With C7 Release 8.0, scheduled for November 2021, remaining cash payments related to Eurex derivatives positions in equity options will also be migrated to the C7 Payment Service. Further information will be published in scope of C7 Release 8.0.
2. Introduction of billing reports in Simulation
Billing reports (CB225, CB320, CB325 and CB350) as part of C7 SCS Release 1.0 are going to be available in Simulation environment as of 15 July 2021. As usual, these reports will be delivered to the Common Report Engine (CRE) for the Members to retrieve.
The structure of these reports was published with all the other C7 reports. The following three documents are important to get an overview of this structure:
This document provides an overview of the enhancements and changes to the C7 XML Reports as compared to the previous version.
This Manual provides the XML report descriptions for Eurex Clearing's C7.
This package contains the reports xsd files for Eurex Clearing's C7.
These documents can be found on the C7 Initiatives Page under the following link:
Support > Initiatives & Releases > C7 Releases > C7 Release 8.0 > System Documentation > Reports
3. Change in Corporate Action (CA) Focus Days in Simulation at Clearstream Banking Frankfurt (CBF)
The timeline of the CA Focus Days at CBF in Simulation has been slightly altered. To get a detailed description and information about focus weeks for corporate actions that are part of the C7 SCS 1.0 Member Simulation with end-to-end (E2E) connection to CBF, please check the following document:
“Corporate Action Focus Day details for C7 SCS 1.0 Member Simulation - CA Input CBF”, which has been published on the C7 SCS Release 1.0 Initiative Page under the following link:
Support > Initiatives & Releases > C7 SCS Releases > C7 SCS Release 1.0 > System Documentation > Functional Manuals.
If you have any further questions or comments, please send an e-mail to: client.services@eurex.com.
Kind regards,
Your Client Services Team
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Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors | |
Target groups: | Front Office/Trading, Middle + Back Office, IT/System Administration, Auditing/Security Coordination | |
Contact: | client.services@eurex.com | |
Web: | Support > Initiatives & Releases > C7 SCS Releases > C7 SCS Release 1.0 |
