Eurex Clearing
Dear Clearing Member,
With this Newsflash, Eurex Clearing wants to draw your attention to the the upcoming topics related to the C7 SCS business migration and to changes in the technical processing within the C7 Collateral Management System (CMS).
C7 SCS 2.0: Readiness Statement
Please provide the Readiness Statement related to C7 SCS 2.0 latest until 10 October 2022, as requested in Eurex Clearing Readiness Newsflash from 12 September 2022. The Readiness Statement can be found here: Readiness Statement.
F7 Advanced Simulation environment connectivity to the Securities CCP simulation environment
The current F7 Advanced Simulation is connected to the Securities Clearing CCP until 29 September 2022. Eurex Repo business entered via F7 Advanced Simulation is cleared under previous CCP system conditions until then. After the migration, the new business will be processed in the C7 SCS simulation environment.
CCP Securities services remain available for exercises out of Eurex Derivative business for settlement location Euroclear UK & Ireland.
Changes in the technical processing within C7 CMS for Clearing Members using CmaX for provision of collateral
With Eurex Clearing Readiness Newsflash from 8 September 2022, a new BIC of Eurex Clearing for instructing CmaX exposure amounts has been announced. Furthermore, changes to the usage of the (I)CSD account related to multiple C7 CMS collateral pools has been announced. Please check your company-internal processes in this context.
For further details, please refer to the "C7 SCS 2.0 - Member Simulation Guide", chapter 8, available on our dedicated initiative page for C7 SCS 2.0 under the following link:
Support > Initiatives & Releases > C7 SCS Releases > C7 SCS Release 2.0 > System Documentation > Overview and Functionality.
On the same initiative page, circulars, timeline and much more information is available for you.
If you have questions or comments, please contact your Clearing Key Account Manager or send an e-mail to client.services@eurex.com.
Kind regards,
Your Client Services Team
Visit the Next Generation ETD Contracts webpage for all your Clearing and Trading content!
Recipients: | All Clearing Members, FCM Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients and FCM Clients of Eurex Clearing AG and vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration | |
Related Newsflashes: | Eurex Clearing Readiness Newsflash from 8 September 2022; | |
Contact: | ||
Web: | Support > Initiatives & Releases > C7 SCS Release 2.0 > C7 SCS Release 2.0 |
