Initiatives & Releases

EurexOTC Clear Releases

EurexOTC Clear Release 17.0

With the EurexOTC Clear Release 17.0, Eurex Clearing will introduce the following enhancements: 

  • EU Agency Clearing Model
  • A new field “ReportTrackingNumber” for OTC trades
  • Introduction of Inflation Linked Asset Swaps
  • Report Changes
  • API Changes 
  • GUI Changes
  • Processing of Clearing Broker Take-up requests outside of Eurex Clearing service hours

Simulation start: 08 May 2024
Production start: 17 June 2024

OTC Release 17.0_Timeline







 

System Documentation

The OTC system documentation are stored in the Member Section under the following path: Resources > Eurex Clearing > Documentation & Files > EurexOTC Clear > System documentation.


Circulars

Focus Days

Cross-margining Focus Day

  • 22 - 24 April 2024
  • 03 - 07 June 2024

Release Items/Participants Requirements

Feature/Enhancement

Details

Action Item

EU Agency Clearing Model

The current Omnibus segregation model (ECM) and Individual Segregation Accounts Model (ISA) will be enhanced to facilitate the agency relationship between Clearing Members and their clients for the clearing of the client transactions.

Clearing Members, who want to use this model, should evaluate the impact on their side. If further assistance is required, please contact your Clearing Key Account Manager or client.services@eurex.com.

A new field “ReportTrackingNumber” for OTC trades

A new field 'ReportTrackingNumber' will be introduced for OTC trades which will be optionally provided by the Approved Trade Source, and if used, Eurex Clearing will include the field information in the Trade Notification messages.

Clearing Members should evaluate the impact of consuming new trade notification messages on their side.

Introduction of Inflation Linked Asset Swaps

The current product offering will be extended with the delivery of Inflation Linked Asset Swaps using the standard coupon inflation swap template available in MarkitWire.


The product will reference the Euro HICPxt index with a maximum maturity of 50 years. Coupons can be paid periodically, i.e. monthly, quarterly, semi-annually, or annually. 

For more information reg. the product, please reach out to your respective Sales contact.

Report Changes

The following report change will be made:


  • Adjustment of currentfloatrate, currentcompoundrate, currentfixrate & currentfloatratespread fields in Variation Margin Report (CC203 / CC222)

We kindly ask all Clearing Members to ensure that the relevant report changes are reflected in their internal processes.

API Changes 

The following enhancements will be implemented in API modules:


  • The enhancement of the Trade Notification Messages with the introduction of “ReportTrackingNumber” field
  • The enhancement of FpML API with the processing of Clearing Broker Take-up requests outside of Eurex Clearing Services hours

We kindly ask all Clearing Members to ensure that relevant API changes are reflected in their internal processes.

GUI Changes

Two additional columns:


  • Pay Leg Current Notional and
  • Receive Leg Current Notional

will be added to the Trade Search Results Table and the Modify Table of the Bilateral and Cleared Trades windows. They will show the actual notional value of the current day from the VIRS notional step schedule.


The existing columns: 


  • Pay Leg Outstanding Notional and
  • Receive Leg Outstanding Notional

will be renamed to Pay Leg Initial Notional and Receive Leg Initial Notional. The changes will be reflected in the Download CSV file.

There is no action required for GUI changes. 

Processing of Clearing Broker Take-up requests outside of Eurex Clearing service hours

The processing of TakeUpGranted and TakeupRefused messages, even if sent outside of Eurex Clearing service hours,  will be possible with the introduction of the OTC Clear Release 17.0.

There is no action required.

CRE

The CRE is Eurex Group’s central solution for reports. The CRE allows a greater flexibility and meets the needs of today’s high frequency.
Find out more!

Eurex Initiatives Lifecycle

From the announcement till the rollout, all phases of the Eurex initiatives outlined on one page! Get an overview here and find other useful resources.
Find out more!

Further information about EurexOTC Clear can be found here.

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

Contacts

Eurex Frankfurt AG
Customer Technical Support / Technical Helpdesk

Service times from Monday 01:00 – Friday 23:00 CET
(no service on Saturday and Sunday)

Please contact your Technical Account Manager via your personal VIP number which can be found in the Member Section.

T +49-69-211-VIP / +49-69-211-1 08 88 (all)

cts@deutsche-boerse.com

Eurex Frankfurt AG
Key Account Management

Service times from 09:00 - 18:00 CET

T +49-69-211-10 333

client.services@eurex.com