C7 Releases


C7 Release 7.0

Eurex Clearing launched C7 Release 7.0 on 23 November 2020. The simulation environment was made available on 21 September 2020. An overview of the functional and technical changes and additional supportive information is available on this website.  

C7 7.0

Features

Default rule change for initial trade booking

With C7 Release 7.0 the trading capacity field has a higher priority than the selected clearing account. The trading capacity overrules clearing account in case of any inconsistency with the clearing account. By introducing this check in C7 it consistency between trading capacity and clearing account will be ensured.

Transaction duration extension to T+5

This new behavior driven by market demand consists of the extension of the transaction management period from t+3 to t+5 days. Which means Clearing Members will be able to perform their transaction management functions (e.g. give-up/ take-up, trade separation etc.) up to T+5 days.

Circulars

System Documentation

Overview and Functionality

Eurex Clearing GUIs

  • C7 Clearing GUI - User Manual
    Simulation version (valid from October 16, 2020). This user manual for the Eurex Clearing's C7 Clearing GUI provides final descriptions of all windows and related functions

Reports

Readiness Videos

Readiness video series

Release Items/ Participants Requirements

Feature/Enhancement

Details

Action Item

T+D transaction duration extension to T+5

Clearing members will be able to perform transaction management functions (e.g. give-up/ take-up, trade separation etc.) up to T+5.

Back office system needs to be prepared to handle clearing activities for up to T+5 days.

FIXML increase queue size

FIXML request queue size will be increased from the current 2000 to 6000 messages.

No action required from participants.

Product tag attached to FIXML messages

Optional feature for participants who would like to distribute their volume across multiple FIXML accounts based by product ID.

No action required from participants.

Clearing house validation in FIXML messages

C7 will enforce a validation on TID field “TargetCompID” on FIXML incoming messages from members and ISVs. 

Participants need to ensure only valid values “ECAG” or “ECC” are sent.

Default account rule change for initial trade booking

Trading capacity will overrule the clearing account in case of any inconsistency.

Participants  need to ensure the correct value is entered in Trading Capacity value in T7.

Change of maintainability of rate identifier

The field rate identifier contained in CustOrderHandlingInstr will no longer be changeable in C7.

Participants need to ensure that the correct value is entered in Execution Source code value in T7.

Report enhancement:

CA770 - Account maintenance

New field: account maintenance for all acting markets

Deletion of field: clearing license.

Modification of report fields need to be supported.

Report enhancement:

CD037 - Claim amount-based collaterals

Regulatory requirement to include the market value of collateral.

Participants should make the necessary adjustments to support the new layout and format (same as report CD031).

Report enhancement:

Persistence of strategy details in post transaction events

The strategy fields will be carried over in post transaction events in clearing and intraday reports: CB012, CB013, CB715, CB750, CB751, CI012:

  • Strategy type
  • Strategy sub type
  • Strategy link ID
  • Multi-leg report type

Participants should make the necessary adjustments to support the changes in the reporting.

Report enhancement:

Non-disclosure flag

TradePublishedIndicator” flag will be available in the following clearing reports: CB012, CB013, CB715, CB750, CB751 and CI012.

Participants should make the necessary adjustments to support the changes in the reporting.

Report enhancement:

Equity Basket Trades

PackageID (for basket ID) and FirmTrdID (for bank’s own Reference ID) will be introduced to the following clearing reports: CB012, CB715, CB730, CB750 and CB751.

Participants should make the necessary adjustments to support the changes in the reporting.


CRE

The CRE is our central report solution. It allows a greater flexibility and meets the needs of today’s high frequency and algorithmic trading.
Find out more!

What´s next?

Have a look at the Cross-Project-Calendar and know what’s coming next or is on the horizon and might have an impact you!
Find out more!

For technical support, please contact your Technical Key Account Manager or CTS@deutsche-boerse.com. For functional support, please your Clearing Key Account Manager or client.services@eurex.com.

Are you looking for information on previous releases? We have stored information about our previous releases in our Archive for you!  

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