C7 Releases

C7 Release 9.0

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

c7 r8.1

    







 

System Documentation

  • Clearing GUIs - Access Guide V3.6  (C7 Release 9.0)
    Publication date: 30 May 2022
    This document describes the technical requirements to access the Eurex Clearing GUIs: C7 Clearing GUI, EurexOTC Clear GUI, EurexOTC Clear Margin Calculator GUI and Securities Clearing GUI.

Circulars

Release Items/Participants Requirements

Feature/Enhancement  

Details  

Action Item  

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.

New values will be displayed in CMS GUI and in the clearing reports.

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:
 

  • Optional deletion of orders/quotes for level 3 limit breaches
  • Automatic release triggered automatically as soon as the risk requirement falls below the maintained risk limit

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.

No FIXML or report impact.

GUI changes

The following column names will be updated on the “Margin Requirement Information” C7 GUI window:
 

  • “Account” will be renamed to “Risk Netting Unit”
  • “Account Details filter group” will be renamed to “Risk Netting Unit Data”
  • “Account filter” will be renamed to “RNU"

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.

No FIXML or report impact.
 

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. 

Please note that there will be no changes in the role assignment.

No FIXML or report impact.

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!


Contacts


Eurex Frankfurt AG | worldwide
Customer Technical Support / Technical Helpdesk

Service times from Monday 01:00 – Friday 22:00 CET
(no service on Saturday and Sunday)

Please contact your Technical Account Manager
via your personal VIP number.

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

cts@deutsche-boerse.com


Key Account Management

09:00 - 18:00 CET

T +49-69-211-10 333

client.services@eurex.com



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