EurexOTC Clear Releases

Report Changes

With the upcoming release, we are introducing Report Changes to improve your reporting experience. Key updates include:
 

• Expanded CSV Availability: The Netting Report (CC244) and Trade Daily Summary Report (CB201) will now be available in CSV format for easier data processing.
• Enhanced Data Fields: Two new fields, Leg1_compoundingMethod and Leg2_compoundingMethod, have been added to the Trade Daily Summary (CB201) and Full Inventory (CB202) reports to provide more detailed insight.Please see the Report Manual for Release 21.0 for full technical specifications.

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

Amendments in API Changes

We are implementing Amendments in API Changes to improve data integrity through stricter validation. The following rules will apply to all IRS trade submissions:

• Currency Match: The fee currency must be the same as the trade currency.
• Business Center Validation: The business center must correspond to the fee currency (e.g., EUTA for EUR, CHZU for CHF).

Submissions that fail these checks will be rejected across all platforms, including APIs and MarkitWire. Please update your systems accordingly.

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

GUI Changes

To improve usability, our OTC GUI now supports partial transfers via the "Portfolio Upload" feature. This is enabled by a new "Partial Transfer Amount" column, which works as follows:

• To Initiate: Use the new optional column in the upload template to specify the notional amount for transfer. A blank field signifies a full transfer.
• To Monitor: The new column will appear in the Portfolio Transfer Overview to display the transferred amount.
• To Verify: The column is also included in portfolio downloads from the Cleared Trades Window.

Important: This feature is not supported for partial transfers of VIRS and SCIS trades with varying notionals.

There is no action required.

MC GUI Changes

We are improving the MC GUI to give you more control when checking trade eligibility. With our next release, you will find an enhancement to the Clearing Eligibility Checker for IRS and OIS products. On the "Holidays" tab, we've added two new fields. This update gives you the flexibility to enter separate Payment Lags and Holiday Centers for each leg of your trade, allowing for more precise and granular eligibility checks.

There is no action required. 

Split Trade Functionality/ Partial Portfolio Transfer 

With the new Split Trade Functionality, you can now execute a Partial Portfolio Transfer for eligible IRD trades. This allows you to transfer only a portion of a trade's notional amount. The system will then automatically terminate the original trade and create two new ones reflecting the split. This enhancement offers greater flexibility, allowing you to combine full and partial transfers in one request. Note that this does not apply to VIRS or SCIS trades with varying notionals.

There is no action required.

Enhancement of Netting process

To improve data integrity, we have made an Enhancement of the Netting process for trades containing several "Upfront Fees." The new logic works as follows:

• Primary Fee: Only the fee with the earliest settlement date will be kept as the "Upfront Fee."
• Other Fees: All additional "Upfront Fees" will be automatically relabeled to "UnclassifiedFee."

This automated change ensures your netted trades process correctly and remain synchronized with MarkitWire.

There is no action required.