Eurex Clearing Readiness Newsflash | Introduction of C7 CAS Release 2.279

Dear Client, 

With this Newsflash, Eurex Clearing announces the production launch of C7 CAS Release 2.279, scheduled for Monday, 28 August 2023.

The following enhancements are being introduced to improve the user experience for Clearing Members: 

• New workflow for the admission of Disclosed Clients
• Introduction of a new role and admission workflow for "Authorized Manager"
• Modification of the tools menu
• Introduction of cash collateral account setup and maintenance
• Introduction of netting sets and replacement of account linkage

Production start: 28 August 2023

Learn more about C7 CAS Release 2.279 on our dedicated initiative page on the Eurex Clearing website www.eurex.com/ec-en/ under the following link: Support > Initiatives & Releases > C7 CAS Releases > Release 2.279.

New workflow for the admission of Disclosed Clients

With this release, Clearing Member will be able to use a new workflow for the admission of Disclosed Clients (Basic DCs and DCs with System Access). The new workflow comes with a redesigned GUI that is harmonized with existing GUIs for the Segregation Change Requests.

For further details, please refer to the dedicated user guide which will be published prior to the production start on our webpage: Release 2.279.

Introduction of a new role and admission workflow for “Authorized Manager”

Clearing Members will be able to use a new admission workflow for the onboarding process of Authorized Managers (Basic Authorized Manager and Authorized Manager with System Access).

This change will provide a better reflection of the relationship between Funds and Authorized Managers in C7 CAS.

For further details, please refer to the dedicated user guide which will be published prior to the production start on our webpage: Release 2.279.

Modification of the tools menu

A redesign of the menu/navigation panel has been introduced to properly reflect all new and existing functionalities.

Introduction of cash collateral account setup and maintenance

With this release it will be possible for Clearing Members:

• to set up cash collateral accounts directly within an admission request for new Disclosed Clients,
• to set up a cash collateral accounts independently from an admission and to change or delete any existing cash collateral account within a Segregation Change Request,
• get an overview of the existing cash collateral accounts can be displayed.

For further details, please refer to the dedicated user guide which will be published prior to the production start on our webpage: Release 2.279.

Introduction of netting sets and replacement of account linkage

Netting sets have been introduced to replace the current direct/indirect account linkage. They create brackets over a group of transaction accounts underneath the same entity and define legal boundaries for transaction accounts from a Default Management Process perspective, i.e. porting units. Transactions allocated to a netting set are aggregated to calculate individual difference claims.

With the introduction of a netting set as a distinct value to each transaction account we aim to improve transparency on client setups and a better understanding of porting units.

Kind regards,

Your Client Services Team

Meet the new clearing admission service C7 CAS (Client Administration Service)!