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Sep 08, 2014

Eurex Clearing

Eurex Clearing’s C7: Updates in 2014

C7, the new clearing architecture of Eurex Clearing, will replace the existing Eurex system in a stepwise approach. C7 Release 1.0 introduced Flexible Accounts on 30 June 2014 in production. This circular contains important information about C7-related updates in 2014, including functional enhancements, changes to existing reports and introduction of new C7 reports:

- As of 15 September 2014 in production, the portfolio-based risk management methodology Eurex Clearing Prisma will be optionally available for Flexible Accounts in C7.

- C7will feature settlement of premium and variation margin on pool level. This is already available in simulation and as of 29 September 2014 in production. The technical launch and availability of cross-margining for Flexible Accounts between EurexOTC Clear Interest Rate Swaps (IRS) productsand listed fixed income (FI) as well as listed money market derivatives in C7 will be announced separately.

- With C7 release 2.0, as of 7 November 2014 in simulation and as of 24 November 2014 in production, margin calculation for pending security delivery transactions will take place on Flexible Account level.