14 Jun 2021

Eurex Clearing

EurexOTC Clear Release 11.2: Production launch announcement

Eurex Clearing Circular 049/21 EurexOTC Clear Release 11.2: Production launch announcement


1.    Introduction

With this circular, Eurex Clearing announces the production launch of EurexOTC Clear Release 11.2 (OTC Release 11.2) on Monday, 28 June 2021. All EurexOTC Clear Members are affected by the introduction of OTC Release 11.2.

Production start: 28 June 2021

Learn now more about the EurexOTC Clear Release 11.2 on our dedicated initiative page under the following link: Support > Initiatives & Releases > EurexOTC Clear Releases > EurexOTC Clear Release 11.2. System documentation, circulars, timeline and much more information will be available there for you

...and on the go via the personalized Eurex App.

2.  Required action

The functions and services introduced with this release (such as reports and FpML messages) might have an impact on the report and FpML processing of EurexOTC Clear Members. In order to be prepared for the start of production, please update your systems with the newly created schemas (e.g. report XSDs, XSDs for the FpML Interface and the Margin Calculator Interface), valid for the OTC Release 11.2. 

After the batch processing on Friday, 25 June 2021, reports are created based on EurexOTC Clear Release 11.1 formats. Intraday and End-of-Day reports that are created on Monday, 28 June 2021, start of business, will be created based on OTC Release 11.2 formats.

As requested in Eurex Clearing Newsflash, please submit the "Readiness Statement" for the go-live of EurexOTC Clear Release 11.2 not later than Friday, 18 June 2021.

3.  Details

A.  Documentation for OTC Release 11.2

As announced with Eurex Clearing circular 007/21 and documented in the Functional Release Notes, there are enhancements and changes relevant for OTC IRS and OTC FX/XCCY Swap Participants.

Further details on enhancements and changes can be found in the functional and technical documentations, which are updated with OTC Release 11.2. Final versions of all documents have been published and are available in the Member Section under the following path respectively:

Resources > Eurex Clearing > Documentation & Files > EurexOTC Clear > System documentation

B. Changes to be introduced with EurexOTC Clear Release 11.2

  • TriOptima Portfolio Compression Service Enhancement
  • Enhancement of MC API functionalities
  • New cashflow instruction logic for Clearing Member Changes
  • Instruction of termination fees always on termination date
  • Usage of the Default Agent Account
  • Relaxation of eligibility criteria for backdated stub periods
  • Adapted Price Alignment Interest logic for T+2 currencies
  • Marking trades as backloaded in MarkitWire
  • Interface changes
  • GUI enhancements to improve usability
  • Report enhancements

Detailed information about each release item has been published on the EurexOTC Clear Release 11.2 Initiatives page and documented in the Functional Release Notes.

In connection with the introduction, please consider as well the “EurexOTC Clear Release Known Limitations” list which has already been updated and published in the Member Section under the following path:

Resources > Eurex Clearing > Documentation & Files > EurexOTC Clear > General question log & Known limitations

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 or FCM Clearing Conditions of Eurex Clearing AG, as applicable.


Further information

Recipients:

All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors (optional: all FCM Clearing Members and other affected contractual parties, if applicable)

Target groups:

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

Related circular:

Eurex Clearing circular 007/21
Eurex Clearing circular 044/21

Contact:

client.services@eurex.com

Web:

Support > Initiatives & Releases > EurexOTC Clear Releases > EurexOTC Clear Release 11.2

Authorized by:

Dmitrij Senko