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15 Jun 2020

Eurex Clearing

Eurex Clearing Readiness Newsflash | Prisma Release 9.3

Eurex Clearing Readiness Newsflash

Dear Clearing Member,

With this Newsflash, Eurex Clearing would like to announce to all Members and clients the upcoming:

1.    Prisma Release 9.3

Simulation start:    21 July 2020 
Production start:    31 August 2020

2.    Post Release 9.3 – Cash market margining activation in the Prisma system

Simulation start:    30 July 2020 
Production start:    14 September 2020

1.    Prisma Release 9.3

Technical launch of the Cash Market margining in the Prisma system will take place with the introduction of Prisma Release 9.3. No Member impact is foreseen for this technical launch. All functionality, listed in the next section, will be enabled with the Post Release 9.3. Please visit our Initiatives page on the Eurex Clearing website www.eurexclearing.com in order to receive regular updates.  

2.    Post Release 9.3 – Cash market margining activation in the Prisma system

The Prisma system will take over all margin calculations for cash market instruments from Risk Engine and all relevant Cash Market reports listed below. This change is purely technical in nature and will not result in any change in the margin methodology, i.e. Cash Market instruments are still margined using Risk Based Margining (RBM).

Therefore, there will be no major impact on our Members. Nevertheless, due to the migration to the new system, some technical changes are implemented that require adaptations on the Member side.  

a.  Replacement of obsolete CC0XX Reports

Report NameFile Name

CC011 Current Liquidating Margin

00rptcc011xxxxxYYYYMMDDxxxxx.[YYY].zip

CC040 Liquidating Values

00rptcc040xxxxxYYYYMMDDxxxxx.[YYY].zip

CC045 Additional Margin

00rptcc045xxxxxYYYYMMDDxxxxx.[YYY].zip

CC080 Security/Cash Risk Position

00rptcc080xxxxxYYYYMMDDxxxxx.[YYY].zip

The above reports will be replaced by the following reports which are currently being generated by Risk Engine and will be taken over by Prisma:

Report NameFile Name

CC711 Current Liquidating Margin

00rptcc711xxxxxYYYYMMDDxxxxx.[YYY].zip

CC745 Additional Margin

00rptcc745xxxxxYYYYMMDDxxxxx.[YYY].zip

CC780 Security/Cash Risk Position

00rptcc780xxxxxYYYYMMDDxxxxx.[YYY].zip

CC7XX Reports support flex accounts and are same as above decommissioned CC0XX Reports.

Please note that only the Reports “CC040 Liquidating Values” and “CC740 Liquidating Values” will be completely decommissioned, as its data is covered by the following Reports: CC711, CC745, CC031, CC033, and CC034.
 

b.   Theoretical values reports at public sections of the Common Report Engine

Theoretical values Reports CC031, CC033, CC034 will no longer be published in individual Member directories in the Common Report Engine (CRE), but are rather located on public sections of the CCP and Eurex CRE. 

Report NameFile Name

CC031 Theoretical Values II

00rptcc031PUBLIYYYYMMDD.[YYY].zip

CC033 Theoretical Values III

00rptcc033PUBLIYYYYMMDD.[YYY].zip

CC034 Theoretical Prices

00rptcc034PUBLIYYYYMMDD.[YYY].zip

c.  Reports CC711 and CC780 no longer display Member full name and security full name

Reports CC711 – Current Liquidating Margin, CC780 – Security/Cash Risk Position will no longer display Member’s full name and security’s full name in the txt version of reports.

Example: For text field membId, ABCDE – ABCDE bank (membId – Member Name). Hence, resulting only in: ABCDE (membId). Same logic is applied to the text field: isinCod.

d.  Update of Prisma Report Reference Manual

All mentioned cash reports will be removed from Eurex Clearing XML Report Reference Manual. The report description of the following migrated Reports CC711, CC745, CC780, CC031, CC033 C034 will be available in the Prisma Report Reference Manual, which is published in the Eurex Clearing Member Section.   

e.  Release documentation

In order to assist our  Members with the preparation for the introduction of Prisma Release 9.3, we recommend our Members to follow the documents in the Eurex Clearing Member Section under the following path:

Risk & Collateral Management > Eurex Clearing Prisma > Documents & Circulars > Documents Release 9.3

If you have any questions or require further information, please contact us at client.services@eurexclearing.com.
 

Kind regards,

Your Client Services Team


Follow us on Twitter @EurexGroup, LinkedIn and YouTube for more updates or visit our website.

Eurex Clearing is part of Eurex Group. Find out more here.


Recipients:

All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, FCM Clearing Members, vendors and other affected contractual parties

Web:

www.eurexclearing.com 
Initiatives page Prisma Release 9.3

Contact:

client.services@eurexclearing.com