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Dec 18, 2014

Eurex Clearing

C7 release 3.0: Launch date and overview

C7, Eurex Clearing’s new clearing architecture, is replacing the existing Eurex Clearing classic system in a stepwise approach. On 30 June 2014 in production, Eurex Clearing successfully launched release 1.0 by introducing Flexible Accounts. Further enhancements to the Flexible Account structure and related reports such as cash and delivery segregation have been made with the introduction of release 2.0 on 24 November 2014.

In a third step, Eurex Clearing C7 release 3.0 will migrate all derivatives products admitted to trading at Eurex Exchange (Listed Derivatives) including Flexible Contract positions to C7 on 9 November 2015.

Simulation for release 3.0 is planned to start on 27 July 2015.

C7 release 3.0 will be a mandatory release for Derivatives Clearing Members and Derivatives Non-Clearing Members.

This circular provides a functional and technical overview of the main characteristics relating to release 3.0 and will be followed by detailed functional and technical documentation as well as communication schedules, in due course.

Derivatives Clearing Members and Derivatives Non-Clearing Members are immediately required to ensure that accurate C7 contacts are registered in the Member Section on the Eurex Clearing website www.eurexclearing.com under the following path:

Member Section > Technology > Contacts > Your internal contacts > Release Contacts