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Eurex Clearing
1. Introduction
With this circular, Eurex Clearing announces the production launch of CCP Release 16.5 on Monday, 24 June 2019.
For a description of the changes that will be introduced with CCP Release 16.5, please refer to Eurex Clearing circular 023/19.
Production start: 24 June 2019
2. Member Impact
There are no impacts for Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors.
3. Details of the initiative
With this CCP Release, the Non-Collective Safe Custody (NCSC) instruments, where T2S settlement is considered as feasible, will be labelled as NCSC-T (NCSC on T2S) and settled via CBF (Clearstream Banking Frankfurt) on the T2S platform for equity and equity-like products. Based on the settlement location T2S, Eurex Clearing will adapt its internal processes and settle those instruments in the same way as for Collective Safe Custody.
As the processing for Collective Safe Custody instruments is currently available in the CCP system, no changes will be made.
Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions.
Further information
| Recipients: | All EurexOTC Clear Clearing Members, Basic Clearing Members, FCM Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, vendors and other affected counterparties | |
| Target groups: | Front Office/Trading, Middle + Back Office, IT/System Administration, Auditing/Security Coordination | |
| Contact: | Clearing Operations, tel. +49-69-211-1 12 50, clearing@eurexclearing.com Risk Control, tel. +49-69-211-1 24 52, risk@eurexclearing.com | |
| Web: | CCP Release 16.5 | |
| Authorised by: | Heike Eckert |