This C7 Release offers enhancements such as Value Based Average Pricing functionality (VBAP) which allows Clearing Members to create average priced transactions in a very flexible manner. The release also includes a cash collateral management enhancement with the introduction of a new “Type of Money” for intraday margin calls impacting all Clearing Members.
Simulation start: 12 September 2022
Production start: 21 November 2022
Release Items/Participants Requirements
New Type of Money “Call”
This new Type of Money (“Call”) will provide Clearing Members more flexibility when managing cash positions created by intraday margin calls and will allow to enter cash withdrawal instructions in CHF and EUR later than the existing cut-off time.
No implementation is required for FIXML.
Value Based Average Pricing (VBAP)
The Value Based Average Pricing functionality (VBAP) will allow Clearing Members to create average priced transactions in a very flexible manner. The new functionality is offered optionally and in addition to the existing Average Price functionality in C7.
The implementation of additional attributes is required in C7 FIXML, GUI and reports.
Advanced Risk Protection (ARP) enhancement
The C7 ARP application maintains and manages Clearing Members risk limits. Two enhancements will be introduced with this release:
Please note that the simulation phase for this feature will be available as of 10 October 2022 (subject to legal approval).
No implementation is required from Clearing Members.
The following column names will be updated on the “Margin Requirement Information” C7 GUI window:
Please note that the simulation phase for this feature will be available as of 31 October 2022.
Clearing Members using upload and download templates in C7 GUI need to adjust the new names accordingly.
Rename “Capacity Product Assignment Inquire” to “Product Inquire”
The main privilege for product inquire “Capacity Product Assignment Inquire” (B006INQ) provides information about products and assignment of products to capacities. This privilege will be renamed from “Capacity Product Assignment Inquire” to “Product Inquire”.
Minor impact, however Clearing Members should be aware of this GUI change.
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