C7 SCS Releases
Overview of content
- C7 SCS Release 5.5
- C7 SCS Release 5.0
- C7 SCS Release 4.5
- C7 SCS Release 4.0
- C7 SCS Release 3.7
- C7 SCS Release 3.5
C7 SCS Release 5.5
Eurex Clearing is enhancing our C7 Securities Clearing Service (C7 SCS) with Release 5.5 to align with market-wide upgrades and introduce new features. These changes are designed to ensure seamless processing, provide more precise pricing, and offer you greater flexibility.
Simulation start: 20 April 2026
Production start: 01 June 2026
Circulars
Circulars
Eurex Clearing Circular 006/26: Securities Clearing: Introduction of C7 SCS Release 5.5
System Documentation
- C7 SCS 5.5 Member Communication Calendar
Publication date: 03 Feb 2026
Release Items/Participants Requirements
Features/Enhancements | Details | Action Item |
Adaptation to Clearstream's UNO Initiative (Wave 2) | In collaboration with Clearstream's UNO initiative, we are adjusting our processes for the Swiss, US, and Canadian markets. This involves updating the settlement links for specific instruments to a more streamlined model, which will improve efficiency. | Clearing Members are kindly asked to:
|
Alternative calculation for Position Management Fee | We will introduce an alternative method to calculate the Position Management Fee based on the number of "booked Settlement Instructions", rather than the Net Position Trade level. This change allows for more precise and transparent pricing based on settlement location and custody type. | No action required. |
Optional Early Cash Sweep Service | A new optional service is available for ISA Direct Light License Holders (IDLLH) to set up flexible cash sweep timings. | This is an optional service. Clients who are interested should contact their Repo Key Account Manager to activate it. |
New Novation Check for ISA Direct Light Trades | An additional verification step is being introduced for the novation of ISA Direct Light trades. C7 SCS will now check if a new trade can be instructed to Clearstream’s collateral management system (CmaX) before novation occurs. | No action required. |
Updates to Report Reference Manual | Minor adjustments will be made to our reporting documentation to reflect the recent rebranding of Deutsche Börse Group. | No action required. |
CCP Eligible Instruments
Eurex Clearing daily provides details on transactions and underlying securities included in the CCP clearing service. Eurex Clearing supports Xetra® markets, Eurex Exchange, and Eurex Repo.
Eurex Repo
Eurex Repo is the leading European marketplace for international secured funding and financing. It offers an integrated market for electronic trading, clearing, collateral management and settlement of repo transactions. Its GC Pooling is the European benchmark for standardized secured funding with central clearing.
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