EurexOTC Clear Releases

US Cross-Product Margining

Cross-Product Margining (CPM) is aimed to be extended to the U.S. based FCM Clearing Members and their clients (subject to CFTC approval). 

U.S. Members, that are interested in using this functionality, must opt-in via a submission form. A detailed information will be communicated in due time.

Report Changes

Pending Trade Transfer, Account Transfer, Termination and Portfolio Transfer trades will be removed from the  EurexOTC Clear reports: Preliminary OTC Margin Call Report (CI206) and OTC Margin Call Report (CI207/CC207).

We kindly ask all Clearing Members to ensure that the relevant report changes are reflected in their internal processes.

API Changes

The following enhancement will be implemented in API modules:

• Addition of a new element “portfolioMarginAdj” to the existing complex element “liquidationGroupSplit” in MC-API XSD schema to display the PMA component per liquidation group split in the margin calculation XML response to the request sent via the MC-API interface

We kindly ask all Clearing Members to ensure that relevant API changes are reflected in their internal processes.

GUI Changes

The following enhancements will be implemented in the OTC GUI:

• Change in the minimum password length up to 14 characters due to new Access Management Standards regulation (ISO/IEC 27001:2022 Annex A Control 5.17 - Authentication Information)
• Enhancements in the MC download file for VIRS trades
• Enhancement of the Cashflows window with the new search criteria

The following enhancements will be implemented in the MC GUI:

• Change in the minimum password length up to 14 characters due to new Access Management Standards regulation (ISO/IEC 27001:2022 Annex A Control 5.17 - Authentication Information)
• Enhancements for VIRS trades in the MC trade template and the upload file

There is no action required for GUI changes

Direct Debit removal for certain PTEs

The existing Direct Debit functionality will not be triggered for Trade Transfer, Account Transfer, Termination, and Portfolio Transfer PTEs, and the pending PTEs will be rejected, at 22:00 CET EoD.

There is no action required.

Change in the rejection time of pending Portfolio Transfer requests

The Portfolio Transfer requests, which are pending for the take-up by the target Clearing Member, will be unlocked and rejected at 16:00 CET/CEST instead of 22:00 CET/CEST.

There is no action required.

Update of the trade attribute "NettingString" for residual trades for TriOptima Compression

Residual trades created out of TriOptima Compression will not inherit the trade attribute "NettingString" from the parent trade anymore, i.e., the trade attribute "NettingString" will be empty for this type of trades.

There is no action required.

PTE not allowed for the trades with unsettled coupon payment on the same day

For the GBP SONIA OIS and EUR ESTR OIS trades with intraday coupon payment on the current date, PTEs will not be allowed until the coupon is settled, full termination and full amendment PTEs being an exception.

There is no action required.