A member of
Eurex Clearing
With EurexOTC Clear Release 8.0, Eurex Clearing will enhance its EurexOTC Clear Service. Changes are driven by MiFID II/MiFIR and Release 8.0 will also technically enable the clearing of OTC Cross Currency Swaps (OTC CCS). The introduction/activation of OTC Currency Derivative products in production is subject to and will follow regulatory approval. Therefore introduction/activation will be announced via a separate circular after receiving the regulatory approval.
The timeline for the new release is as follows:
Release: | EurexOTC Clear Release 8.0 |
Start of simulation: | 27 September 2017 |
Introduction date: | 4 December 2017 |
Please note that the functions and services introduced with this release - especially the changes driven by MiFID II /MiFIR, which are mandatory for all EurexOTC Clearing Members - will have an impact on Members’ internal processes. Therefore, it might be necessary for Members to update their internal processes and interfaces. In case of cooperation with back-office vendors, Members should contact their third-party providers as soon as possible to ensure that the necessary adjustments can be made.
All functional changes will be reflected in the upcoming release documents, which will be published according to the attached “EurexOTC Clear Release 8.0 - Communication Calendar”. The calendar is also available on the Eurex Clearing website www.eurexclearing.com under the following path:
Member Section > Technology > EurexOTC Clear > OTC Release 8.0