16 Nov 2021

Eurex Clearing

Eurex Clearing Readiness Newsflash | C7 SCS Release 1.0: Impact of Trading Hours Extension at Börse Frankfurt as part of T7 Release 10.0 on C7 SCS report delivery

Eurex Clearing Readiness Newsflash | C7 SCS Release 1.0: Impact of Trading Hours Extension at Börse Frankfurt as part of T7 Release 10.0 on C7 SCS report delivery


Dear Clearing Member,

As announced in Eurex Clearing Readiness Newsflash from 14 September 2021 and in Xetra Circular 057/21, as part of T7 Release 10.0 the trading schedule for equities, ETFs/ETPs and mutual funds traded on Börse Frankfurt (XFRA) will be extended, taking effect as of 29 November 2021.

The new trading hours will start at 08:00 CET in the morning and end at 22:00 CET in the evening. The post-trading phase for instruments in Single Auction and bonds will also be extended to 22:05 CET. The Linking Cut-off time extension for XFRA will also be extended to 22:40 CET (from 20:40 CET before the Trading Hours Extension). 

These changes are based on market demand for cleared trading of equities, ETFs/ETPs and mutual funds beyond 20:00 CET. The main trading phase for bonds and structured products will remain unchanged.

Impact on C7 SCS

Due to the above-described extension, the Net Clearing Report (for XETR and XFRA) and the EOD Reports will be created and distributed at a later point in time. The approximate provision time of the reports before and after the Trading Hours Extension (THE) can be found in the table below (all times are in CET):
 

Report

Report IDs

Time without THE, 
i.e. from 27 Sep until 26 Nov 2021

Time with THE,
i.e. from 29 Nov 2021 on

 

Net Clearing Report XEUR

CE890/1/2

22:00 – 23:00

22:00 – 23:00

Net Clearing Report XETR and XFRA

CE895/6/7

23:00 – 24:00

01:00 – 02:00
(next day)
 

“EOD reports”
Pending Delivery Report,
Settled Delivery Report,
Trades Action Report,
Cash Transaction Report

CE860/1/2
CE870/1/2
CB830/1/2
CD850/1/2
 

00:30 – 01:30
(next day)
 

02:30 – 03:30
(next day)
 

Learn now more about C7 SCS Release 1.0 on our dedicated initiative page on the Eurex Clearing website www.eurex.com/ec-en/ under the following link: Support > Initiatives & Releases > C7 SCS Releases. System documentation, circulars, timeline and much more information is available there for you.


If you have any further questions or comments, please send an e-mail to client.services@eurex.com. 

Kind regards,

Your Client Services Team

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Recipients:

All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors

Target groups:

Front Office/Trading, Middle + Back Office, IT/System Administration, Auditing/Security Coordination

Related circular:

Xetra Circular 057/21

Related Newsflash:

Eurex Clearing Readiness Newsflash from 14 September 2021

Contact:

client.services@eurex.com

Web:

Support > Initiatives & Releases > C7 SCS Releases > C7 SCS Releases