Eurex Clearing
1. Introduction
With this circular, Eurex Clearing would like to announce the production launch of EurexOTC Clear Release 12.0 (OTC Release 12.0) on Monday, 22 November 2021. All EurexOTC Clear Members are affected by the introduction of OTC Release 12.0.
Production start: 22 November 2021
Learn now more about the EurexOTC Clear Release 12.0 on our dedicated initiative page under the following link: Support > Initiatives & Releases > EurexOTC Clear Releases > EurexOTC Clear Release 12.0. Circulars, timeline and much more information is available there for you.
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 Trade Entry Interface, FpML Interface and the Margin Calculator Interface), valid for the OTC Release 12.0.
After the batch processing on Friday, 19 November 2021, reports are created based on EurexOTC Clear Release 11.3 formats. Intraday and End-of-Day reports that are created on Monday, 22 November 2021, start of business, will be created based on OTC Release 12.0 formats.
3. Details of the initiative
A. Documentation for OTC Release 12.0
As announced with Eurex Clearing circular 063/21 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 12.0. Final versions of all documents, samples and XSD files have been published and are available in the Member Section of Deutsche Börse Group under the following path respectively:
Resources > Eurex Clearing > Documentation & Files > EurexOTC Clear > System documentation
The detailed booklet explaining the LIBOR conversion from operational and methodological perspective has been updated. The document "Eurex Clearing - Libor Trade Conversion Booklet" is available in the Member Section of Deutsche Börse Group under the following path:
Please note below updates in the mentioned document, version 1.2:
B. Changes to be introduced with EurexOTC Clear Release 12.0
Please note that the fallback pricing for trades referencing USD LIBOR will be implemented with OTC Release 12.1 instead of as previously announced with OTC Release 12.0. This change does not have any impact on upcoming CHF, JPY, and GBP LIBOR conversions in December 2021.
Detailed information about each release item has been published on the respective Support page under the following link: Support > Initiatives & Releases > EurexOTC Clear Releases > EurexOTC Clear Release 12.0 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 of Deutsche Börse Group under the following path:
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, FCM Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
Related circulars and newsflashes: | Eurex Clearing Circular 063/21, | |
Contact: | Your Key Account Manager or client.services@eurex.com | |
Web: | Support > Initiatives & Releases > EurexOTC Clear Releases > EurexOTC Clear Release 12.0 | |
Authorized by: | Dmitrij Senko |
