Eurex Clearing
Dear Client,
Eurex Clearing would like to inform Clearing Participants of an additional focus day for the Product Delisting at Fair Value Price approach announced with Eurex Clearing circular 037/23.
C7 Release 10.0 will be launched on the following dates:
Simulation start: 12 September 2023
Production start: 20 November 2023
Following Eurex Clearing Circular 076/23 please note that the introduction of the new approach for product delisting at Fair Value Price (FVP) in production will take place with any product delisting events after 15 January 2024.
This approach has already been implemented in simulation. There was a dedicated focus day carried out in October as per newsflash dated 16 October 2023. Based on client request, an additional focus test day will be offered on 13 December 2023.
The product delisting and fair value settlement will be enhanced by increasing transparency and introducing automated proceedings. With the new process, C7 will automatically generate closing transactions for every open position in the delisted product. The closing transactions will be booked at a Fair Value Price (FVP) entered as settlement price.
Should clearing participants wish to test this new process, on 13 December 2023 the following products in simulation will be delisted at EOD in simulation:
Product ID | Product name | Product ISIN | ||
BAS | OPT on BASF AG | DE000BASF111 | ||
BASH | FUT ON BASF AG | DE000A0TEST2 |
We recommend testing the new approach in the simulation environment to assure a smooth transition. In order to test this process, please ensure to have the relevant positions on these products in simulation in advance.
The simulation calendar can be found on the Eurex Clearing website on the following location:
Support > Initiatives & Releases > Simulation calendar
Detailed documentation is available in the Eurex Clearing website www.eurex.com/ec-en/ under the path:
Support > Initiatives & Releases > C7 Releases > C7 Release 10.0 > System Documentation
Kind regards,
Your Client Services Team
Meet the new clearing admission service C7 CAS (Client Administration Service!
Recipients: | All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination |
Related circulars: | |
Related newsflash: | Eurex Clearing Readiness Newsflashes from 16 October 2023 |
Contact: | |
Web: | Support > Initiatives & Releases > C7 Releases > C7 Release 10.0 |
